Hello Everybody,
The market is currently still in a down trend. Iv analysed what we may see today. There has been a triangle formed. Usually this triangle indicates a continuation down. I expect the price as 11646 area of resistance to be respected and price to continue to fall down. If we do get a break down price will come to 11321-11206. However if the area of resistance at 11646 does get broken then price will continue to rise and the direction on the lower time frames will change to bullish pushing price back up to 11832- 12065.
The market is currently still in a down trend. Iv analysed what we may see today. There has been a triangle formed. Usually this triangle indicates a continuation down. I expect the price as 11646 area of resistance to be respected and price to continue to fall down. If we do get a break down price will come to 11321-11206. However if the area of resistance at 11646 does get broken then price will continue to rise and the direction on the lower time frames will change to bullish pushing price back up to 11832- 12065.