OVERVIEW :
1. Price has bounced on this zone 3 times ($ 9800 - $1050)
2. If this times price keep reject this zone, it will be large bearish movement after 95 days consolidation
- Lets see what market reaction on this trend lines either it will be support level or break the trend line.
- If price are trading below the trendlines my bias totally bearish on this index and the prices will find nearest support on 867.0 level
DISCLAIMER : THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK
As you can see the price keep holding behind the trend line and performing ascending triangle pattern in 4 hours timeframe. This can be good opportunity to go long after the price breakout the trendline .
DISCLAIMER : THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK
