10 Hours trading between 5583-5624 in last 2 sessions and today also first 2 hours trading within this range between 5601-5621.
More than 12 hours continuous trading between 5583-5624 in 3 sessions and sustaining beyond this range will give following conclusions:-
1- Sustaining below 5583 will validate 24 sessions breaking down below 5639 on 30-10-2012 and then far deeper correction will be seen.
2- Firstly sustaining above 5624 and after that sustaining above 5639 will mean false breaking down below 5639 on 30-10-2012 and reentering into previous 24 sessions range(5639-5733)
As sufficient selling formations between 5583-5624 in last 2 sessions therefore high possibility of sustaining below 5583 but above mentioned moves technical confirmation is must through sustaining beyond 5583-5624.
More than 12 hours continuous trading between 5583-5624 in 3 sessions and sustaining beyond this range will give following conclusions:-
1- Sustaining below 5583 will validate 24 sessions breaking down below 5639 on 30-10-2012 and then far deeper correction will be seen.
2- Firstly sustaining above 5624 and after that sustaining above 5639 will mean false breaking down below 5639 on 30-10-2012 and reentering into previous 24 sessions range(5639-5733)
As sufficient selling formations between 5583-5624 in last 2 sessions therefore high possibility of sustaining below 5583 but above mentioned moves technical confirmation is must through sustaining beyond 5583-5624.