Total Pageviews

Monday, February 6, 2012

DOLLAR chart::clue to reversal.???

So when do we see a good reversal .Thats the question everone is asking . I thought I would better look at the dollar to give some clues. Though the dollar is at support levels ...and trying to bounce; we see that the lower bollinger level has moved down far below. I have seen that dollar whenever in a downtrend, like now, it never reverses without touching the lower level of the bollinger band. So we have atleast 100 pips to go and that means a little more upside left in the stocks.

Nifty fibo levels. Really targetting 50 % retracement now which will also form double top....and BIG Resistance . The GANN level.

We also have to keep an eye on the WOLFE WAVE TARGET . Touching would require 5500. Definitely possible.

No comments:

Post a Comment