A multiple head and shoulder formation is under construction, which may get completed by the end of October and since the US elections are also around the same time therefore some major price moves along with high volatility can be anticipated.
As it can be seen, 21000 is acting both as a neckline and a strong support zone. In last two trading sessions also prices failed to close below 21000 which is a clear indication of bull strength.
So overall, as long as market close is above 21000 my short term view is Bullish. Since I'm expecting the right two shoulders completion. Also, Shoulders height can be anywhere between 23000 - 22000 so plan your trade accordingly.
As it can be seen, 21000 is acting both as a neckline and a strong support zone. In last two trading sessions also prices failed to close below 21000 which is a clear indication of bull strength.
So overall, as long as market close is above 21000 my short term view is Bullish. Since I'm expecting the right two shoulders completion. Also, Shoulders height can be anywhere between 23000 - 22000 so plan your trade accordingly.
