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Straits Times Index Update – November 17, 2015
In our last analysis (see our last week posting for details), base on symmetric geometry ABCD, we see that there are still some more ground to cover before pullback. True enough the week started with strong bear, but the bull took over the rest of the day. The next day, the bull gap up but fail to hold the ground, closed by bear. What’s next?
Connect the two low and draw the equal distance channel. If the HL does not fail, will the price action hit the other side of the wall? ^Is STI ready to reverse? Will see!
November 17, 2015 Straits Times Index Daily
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Moses STI Scan
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