October 10, 2016
^NZ50 Weekly Charting
The index has been bearish for three weeks, close below the brown line after the big bearish bar. The index has been fighting hard but still bearish.
As long as the index can not breakout higher, higher than the last high. It is still bearish. Short will the index pullback higher.
It is lower risk, if let the index break below the lower high, and let the index to pullback to retest the level. In this case, it will be able to sell high.
Please read the advice below.
October 10, 2016 ^NZ50 Weekly Charting
The Advice
Do not believe in anything, if you do not understand the analysis here.
Although many of this posting come from the many years of learning and practice!
Have fun!
Moses Stock Desk
AmiBrokerAcademy.com
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