Wednesday, December 14, 2011

YM on Wed 14-Dec-2011

YM has touched the 1/3 retracement level at 11909 and rebounded, last traded 11970 (up +70 pts).
If market is bearish biased, breaking down below 11909 and then further dip to test 11710 is possible!

Before the bigger picture come into play, Short term recovery is expected.
Check 1 hour chart, butterfly pattern has formed and reckon market to return to rooftop line 12060.

No comments:

Post a Comment