looks like its going down for now because of the wick on the upper yellow trend line but also have to watch out if it wicks at the bottom trend line.
wait to see what happens at wick to determine direction. If it wick at bottom trend line then buy or if it wicks at top ones then sell.
broke the daily trend line and it wicked there showing its gonna go down with two candles. Or could wick at bottom trend line and wick at downward showing its gonna continue up. Daily analysis so this is long term!
Wait for break of the closer yellow trend line and then looks like confirmation of the head and shoulder pattern to continue down. Or Could close above head and then continue up.
Watch for wick at 10400 level to continue up to next red resistance line And Watch for wicks at trendlines for buys and sells
Buy from here to go to top yellow resistance line or could hit stop loss below the red previous daily candle. More reward then risk !
Watch for wick to show up at bottom yellow trendline if it doesn't then hit top yellow trendline for buy Or Breakout then wick and follow that direction.
If the inverted head and shoulder confirms then its gonna go up and touch the yellow trendline. Or if it closes below the head then its gonna continue to go down.
Wait for wick at bottom trend line to confirm the buy Or Could close below and wick up and then go down.
wait for wick at red line or top yellow trend line or at bottom yellow trend line to determine direction.
Looks like its gonna go down for now but watch for wicks to determine direction.
for the long term chart it confirmed the m which means the market is gonna continue going down to 8200 and then could retrace from there. If it continues above the head of the m then it will continue upwards. Long term m pattern analysis.
waiting for wick down or up to see what direction to buy or sell
Looks like its gonna continue down to the yellow trend line because of the head and shoulder and also the wick at the red resistance line.
Need a wick at the higher yellow trend line to determine a sell for now its a waiting game to see where it wicks to confirm a buy or sell.
If it wick downwards then it would confirm the double bottom pattern to go to 7900 area and then could go up further. Or Watch for wicks to continue to sell down.