1st head and shoulder target 23250
2nd big head and shoulder target 21800
If market corrects from here then it reaches the first target of 23250 or if market pulled back it will come upto 25050 forming shoulder of big H&S Pattern then fall is gonna big!!!
Hopefully market reaches first target and bounce back so that we don't enter into bear market....
Market is factored in all the bad news and short up just to follow technicals.
# BNF is clearly following channel pattern for quite a long time.
# BNF rallied from 32350 to 37500 which is 14% in 42 days which is huge rally in a bear market.
# For a bull market rally BNF should close comfortably above 38750 in a weekly chart.
# Even though Fed rate hike is within...
