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I DID SAY DON`T BECOME A WICK!!
So what we have anticipated has happened. Now we just need to watch how it goes. I believe we will see bounce at 50 ema levels , however it is likely to be a bull trap. We could make a market entry at those levels with stop lose to test the waters. However it is likely that we will see a drop all the way down to 200 ema.
At this time we need to just sit out and wait for a while. As always it is just a thought not an advice.
And here is the previous analysis that where I said don`t become a wick:
At this time we need to just sit out and wait for a while. As always it is just a thought not an advice.
And here is the previous analysis that where I said don`t become a wick:
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