Bulls are fighting back again, difference this time, it's not a fast squeeze of 150 points in 2 min.

urdudramees (38)in #mgsc • 6 years ago

Bulls are fighting back again, difference this time, it's not a fast squeeze of 150 points in 2 min. Bulls are really pushing now. Still not giving real recommendations, i have been waiting to take a break since a few days ago (since i did not see this drop coming). But this is an objective view of what facts. There is a very big road of resistance levels up to 7800. Whatever happens, there is a very big and realistic chance that we are making a very big H&S with the neckline at 7300. So even if we make a rally, there is still a big chance we will only make a right shoulder. If that will happen, we have to assume that big V shape low will probably happen and that this H&S will be the trigger. So it will probably be an important week or 2.