Point A indicates classical case of testing. Market is being tested before going for higher grounds.
Point B indicates zone of potential accumulation. Market makers might have accumulated here.
If market doesn't fall below the current low levels, we can expect an up-move and possible breaching of 23000.
Disclaimer: Trade at your own risk!
Point B indicates zone of potential accumulation. Market makers might have accumulated here.
If market doesn't fall below the current low levels, we can expect an up-move and possible breaching of 23000.
Disclaimer: Trade at your own risk!