Trade volumes your maturity can tolerate, else do not blame no one but you......
Friday, August 25, 2017
ASI - Survived to hold above 50% Fib Ret, but weekly is weak
ASI - RSI was below 20 points, but many other indicators turning their curves, signaled a tend reversal very soon (refer my post dated 23.08.2017). So the ASI survived to hold above an important support area of 6367 which is the 50% Fibonacci retracement line plotted from the present low to the present high. Whilst that is a good development based on the Daily chart, suggesting a nice environment in the short term, the weekly chart is still in a consolidation and a recovery. Nevertheless the market now has room for a busy period in the days ahead.
Trade volumes your maturity can tolerate, else do not blame no one but you......
Trade volumes your maturity can tolerate, else do not blame no one but you......
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