EOD Chart(24-05-2011)
Main Features
1- Falling Wedge(Bullish Pattern) Formations in last 15 sessions.
2- Next 1st Support at 5348
3- Next 2nd Support at 5232
4- Next 3rd Support at 5177
Conclusions
All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are still alive because last 15 sessions without force down moves and trend reversal Falling Wedge(Bullish Pattern) Formations in last 15 sessions also.
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1- Falling Wedge(Bullish Pattern) Formations in last 15 sessions.
2- Next 1st Support at 5348
3- Next 2nd Support at 5232
4- Next 3rd Support at 5177
Conclusions
All trends are down. 5th wave trend line and rising line continuation pattern has been broken down but Pull back rally and up moves hopes are still alive because last 15 sessions without force down moves and trend reversal Falling Wedge(Bullish Pattern) Formations in last 15 sessions also.