We saw the markets reversing direction on June 24 in quite a dramatic fashion..
Let us update our charts first.We start with the Mercury retrograde chart...
So astrologically for the week beginning on July 01 to 05, we expect consolidation with an upward bias.
How does the wave count look like?
We go back to the irregular flat count. With B wave taking as much as 52 days and still having one more up leg left, this combo looks more viable. As the chart shows, we are in the last up leg of wave B. That is C upwards has begun.This could be a three wave formation.Alternatively we can still say that b of B is still not over and there could be one more down leg left. ( Astro Indicators seem to favour this view.)
We see a bar reversal and a possible cycle reversal last week.
So technically we are in a medium term bounce up. Astrologically we may see the present trend continuing up till July 10/12 and then reversing down first.
For trading we need to observe that since we are in Mercury retro period, that too of a Mercury in his own house, we need to be cautious that prices will not take support or resistance at expected places. So we have to book our profits sooner or else reverse movements will eat away the profits.
Happy trading !
Monday, July 1, 2013
Thursday, June 27, 2013
Effects of Vimshottari dasa periods in Nifty
From June 11 to July 05 2013, Nifty is going through Rahu Dasa-Venus Bhukti- Venus Antara- Jupiter Sookshma.
I had examined some of the previous periods of Venus Antara- Jupiter Sookshma.
It looks quite interesting.....
In strong trending markets. either the Jupiter peak is formed towards the fag end of the Sookshma period or it takes place in Saturn Sookshma, which follows next.
Invariably Saturn Sookshma always gives a big decline.
When the trend is about to end, then in the middle of Jupiter Sookshma itself we see important trend reversals.A case in point, All time High of Nifty on 08 January 2008.
During flattish and downward trends, we see one or more counter trends, but is always followed by a significant decline when Saturn Sookshma begins.
Let us look at the current situation...
What do we observe?
1. Already one counter up move is complete.
2. Currently the market is in the second upmove.
3. This can last up to July 05, when Saturn Sookshma starts.
4. Post July 05, in Saturn Sookshma, we can expect a good down move.
Amazingly this fits very well with the Mercury retro study posted earlier.
Let us commit our money, as per the ongoing trend and the keep our fingers crossed...
I had examined some of the previous periods of Venus Antara- Jupiter Sookshma.
It looks quite interesting.....
In strong trending markets. either the Jupiter peak is formed towards the fag end of the Sookshma period or it takes place in Saturn Sookshma, which follows next.
Invariably Saturn Sookshma always gives a big decline.
When the trend is about to end, then in the middle of Jupiter Sookshma itself we see important trend reversals.A case in point, All time High of Nifty on 08 January 2008.
During flattish and downward trends, we see one or more counter trends, but is always followed by a significant decline when Saturn Sookshma begins.
Let us look at the current situation...
What do we observe?
1. Already one counter up move is complete.
2. Currently the market is in the second upmove.
3. This can last up to July 05, when Saturn Sookshma starts.
4. Post July 05, in Saturn Sookshma, we can expect a good down move.
Amazingly this fits very well with the Mercury retro study posted earlier.
Let us commit our money, as per the ongoing trend and the keep our fingers crossed...
Tuesday, June 25, 2013
Mercury Retrograde and Direct Stations, while in Gemini
Mercury has an interesting effect on our markets, while it becomes retrograde and direct, in Gemini. Especially with Jupiter nearby.
Have a look across history...
Do we see a pattern? All the examples are when Mercury goes retro involving Gemini in some way..
Let us fast forward to 2013...
So we wait and watch...
And follow Nifty!
Have a look across history...
Do we see a pattern? All the examples are when Mercury goes retro involving Gemini in some way..
Let us fast forward to 2013...
So we wait and watch...
And follow Nifty!
Monday, June 24, 2013
Astro Technicals June 24 to 28 2013
Well, what a week!
Two developments took the sails out of all kinds of markets-Ben Bernanke hinted that QEs will be reigned in. And China came up with disappointing eco numbers and all asset classes tanked this week.
Frankly I was expecting some more up moves before a market turn but the market gods had other ideas.
This brings about an alternative count of the waves in Nifty...
As per Neowave, if Wave B retraces 100-123.6% of wave A, then there is every chance that wave B could be completely retraced..
July 04 or thereabouts looks like a likely date. We can see the current wave C impulsing down.That makes us be in wave 5. Technically wave 5 could also elongate. We will have to wait and see.
Astrologically,we first look at the lunar synchronization..
We see a possibility of a two day reversal upto June 26..We may see a bounce later today which could last till June 26 after which the main trend resumes.
Talking of the main trend, look how the divergence on weekly charts had played out...It is not yet complete.
Coming back to astro considerations,for Nifty Futures, Jupiter is the sub lord of six, nine and twelfth houses.Mercury and Venus additionally define Nifty movements. Let us examine Jupiter movements in detail. We first look at how Nifty behaved, when Jupiter was in the same section of sky in the past..that is in 2001-02.
Here is the micro movement chart...
What do we broadly observe? We see that when Jupiter is in Mars star, in Taurus and Gemini,the market tops out and the bottom is seen when Jupiter reaches Rahu star. In fact during this period, we see the bottom formation, when Jupiter is in Rahu star and Moon sub.And the next high happens when Jupiter is in Jupiter star itself in a retro fashion...
Let us fast forward to 2013...
We see history repeating.. When Nifty hit 6229.45, Jupiter was in Mars star, Jupiter sub.Jupiter will enter Rahu star only by July 01, 2013.In fact by July 08, Jupiter will be in Rahu star, Jupiter sub. We see in 2001, August, a similar combination brought about a recovery. This time we also have a Grand trine forming- Jupiter trine Neptune trine Saturn, by July 17, 2013. So by July 08 itself, we may expect Nifty to bottom out and start a new uptrend. In the Fibonacci retracement chart, we saw 100% retracement to happen post July 04, 2013. So this time zone has to be specially watched.
For better clarity
, here is the micro movement chart for Jupiter in 2013...
We continue to expect that the present trend can turn around only when Jupiter enters Rahu star..post July 01, 2013.
In fact there are two important aspectarian events coming up..
Here is the first one...
Jupiter and Mars will trine Neptune and Saturn. Suddenly everything will appear rosy.. We will see a pick up of confidence across the world. Markets may rebound and solutions to problems will appear in sight..All this during the run up to July 17, 2013.
Here is the second signature...
Between August 06 and 11, Jupiter will square Pluto and then will square Uranus. Jupiter will also trine Rahu, which will be in a 150 position to Uranus. The euphoria of the past month will vanish and we will be back to the harsh realities of life.
Nevertheless all of these will provide wonderful trading opportunities which we need to carefully encash.
Before I conclude this post, let me draw your attention to two other important subjects..
1. Please re visit the tabulation in this post dated June 12, 2013: http://niftyastrotechnicals.blogspot.in/2013/06/astro-technicals-june-week-02-2013.html
Iam posting the relevant sections again here..We see the prominence of the dates surrounding June 20 to 25..This suggests that longer term cycles are now culminating.
Two developments took the sails out of all kinds of markets-Ben Bernanke hinted that QEs will be reigned in. And China came up with disappointing eco numbers and all asset classes tanked this week.
Frankly I was expecting some more up moves before a market turn but the market gods had other ideas.
This brings about an alternative count of the waves in Nifty...
As per Neowave, if Wave B retraces 100-123.6% of wave A, then there is every chance that wave B could be completely retraced..
July 04 or thereabouts looks like a likely date. We can see the current wave C impulsing down.That makes us be in wave 5. Technically wave 5 could also elongate. We will have to wait and see.
Astrologically,we first look at the lunar synchronization..
We see a possibility of a two day reversal upto June 26..We may see a bounce later today which could last till June 26 after which the main trend resumes.
Talking of the main trend, look how the divergence on weekly charts had played out...It is not yet complete.
Coming back to astro considerations,for Nifty Futures, Jupiter is the sub lord of six, nine and twelfth houses.Mercury and Venus additionally define Nifty movements. Let us examine Jupiter movements in detail. We first look at how Nifty behaved, when Jupiter was in the same section of sky in the past..that is in 2001-02.
Here is the micro movement chart...
What do we broadly observe? We see that when Jupiter is in Mars star, in Taurus and Gemini,the market tops out and the bottom is seen when Jupiter reaches Rahu star. In fact during this period, we see the bottom formation, when Jupiter is in Rahu star and Moon sub.And the next high happens when Jupiter is in Jupiter star itself in a retro fashion...
Let us fast forward to 2013...
We see history repeating.. When Nifty hit 6229.45, Jupiter was in Mars star, Jupiter sub.Jupiter will enter Rahu star only by July 01, 2013.In fact by July 08, Jupiter will be in Rahu star, Jupiter sub. We see in 2001, August, a similar combination brought about a recovery. This time we also have a Grand trine forming- Jupiter trine Neptune trine Saturn, by July 17, 2013. So by July 08 itself, we may expect Nifty to bottom out and start a new uptrend. In the Fibonacci retracement chart, we saw 100% retracement to happen post July 04, 2013. So this time zone has to be specially watched.
For better clarity
, here is the micro movement chart for Jupiter in 2013...
We continue to expect that the present trend can turn around only when Jupiter enters Rahu star..post July 01, 2013.
In fact there are two important aspectarian events coming up..
Here is the first one...
Jupiter and Mars will trine Neptune and Saturn. Suddenly everything will appear rosy.. We will see a pick up of confidence across the world. Markets may rebound and solutions to problems will appear in sight..All this during the run up to July 17, 2013.
Here is the second signature...
Between August 06 and 11, Jupiter will square Pluto and then will square Uranus. Jupiter will also trine Rahu, which will be in a 150 position to Uranus. The euphoria of the past month will vanish and we will be back to the harsh realities of life.
Nevertheless all of these will provide wonderful trading opportunities which we need to carefully encash.
Before I conclude this post, let me draw your attention to two other important subjects..
1. Please re visit the tabulation in this post dated June 12, 2013: http://niftyastrotechnicals.blogspot.in/2013/06/astro-technicals-june-week-02-2013.html
Iam posting the relevant sections again here..We see the prominence of the dates surrounding June 20 to 25..This suggests that longer term cycles are now culminating.
First Planet
|
Second Planet
|
Effect
|
Period
|
Remarks
|
Saturn
|
Neptune
|
Trine
|
May 12 to July 27
|
Central Time band of this aspect is 37-38 days from May 12, which is around June 20.This corresponds to a longer term cycle crest from which prices decline sharply for 1 or 2 years. So we need to look out for crest formation by June 20 or thereabouts for long term cycle declines.
|
Uranus
|
Pluto
|
Waxing Square
|
April 18 to June 28 ( 72 days)
|
Central time band of this aspect is from May 20 to 24. Nifty hit a top on May 20, at 6229.45.This also leads to huge declines as seen in 1876.
|
Sun
|
Neptune
|
Waxing Square
|
May 25 to 28
|
Trough formation in nine trading days- by June 06/07.
|
Venus
|
Saturn
|
Waning trine
|
June 06 to 09
|
Trough formation in 5 to 12 trading days. ( June 14 to 25)
|
Venus
|
Uranus
|
Waxing Square
|
June 12 to 14
|
Trough formation in 9 trading days, around June 25
|
In other words, we are undergoing structural changes. The low interest regime of the developed world is coming to a close.This is the main reason for the bond market crash. It has only just begun.Markets are going to readjust to this reality in the days and months to come.
2. The second aspect from a short term point of view, is that of Mercury becoming retrograde.This often portends a short term reversal in the market. So let us be vigilant.
In a nutshell, we expect the market to continue the downtrend. There may be a short bounce within a day or two. It is expected to be short lived. We can continue to sell on rises.A more definite turn is expected post July 04, 2013.
Uncertainty and volatility are at its peak..
Trade carefully and safely.
Wednesday, June 19, 2013
USD INR June 19 2013
In the medium term, rupee is beginning a new Impulse wave which can take it beyond 65.In the short term it may retrace to 57 levels.
Medium term depreciation of the rupee could correspond to the downward Diametric E wave in Nifty.
Astro Technicals for June 19, 2013
Once again we see diversity ruling roost- The American markets are getting higher, the European markets are mixed and Asian markets seem to be confused.
US Markets continue to respond to the underlying improvements in the US Economy- Real Estate markets seem to be gaining traction, which can directly contribute to improving employment in the US.
Mr. Draghi has once again reiterated that he is willing to back up further in the European sector- they simply are desperate for some indications of growth.
USD INR movements continue to dictate terms in our markets...
Yet there is some reason to believe that one last leg up remains..5908 to 5960 seems to be an important over head resistance, meeting of which can witness a b of C leg unfolding.Even if some selling emerges, it will only push Nifty along the natural angle.An uptrend up to June 24 seems to be on the cards.Volatility is quite high and sudden turns seem to happen abruptly
Over to you Ben!
US Markets continue to respond to the underlying improvements in the US Economy- Real Estate markets seem to be gaining traction, which can directly contribute to improving employment in the US.
Mr. Draghi has once again reiterated that he is willing to back up further in the European sector- they simply are desperate for some indications of growth.
USD INR movements continue to dictate terms in our markets...
Yet there is some reason to believe that one last leg up remains..5908 to 5960 seems to be an important over head resistance, meeting of which can witness a b of C leg unfolding.Even if some selling emerges, it will only push Nifty along the natural angle.An uptrend up to June 24 seems to be on the cards.Volatility is quite high and sudden turns seem to happen abruptly
Over to you Ben!
Tuesday, June 18, 2013
Astro Technicals for S&P,the leader of the pack!
All eyes are on Ben Bernanke. His utterances after FOMC shall decide the immediate directions of the Financial Markets.
Let us look at the technical picture...
Let us look at the technical picture...
It has fallen behind the 45* line, but is holding up. Overhead resistance is at 1680 and support is way below, at 1540.
It is at an inflexion point.
Let us see if astro gives us some clues...
Yellow chart outside is Natal and inner white chart is of the transits.We see that the transiting Jupiter has just formed a trine with natal Jupiter.Jupiter is lord of the 6th and 9th and is currently in the 11th. All positive houses. Moreover, transiting Jupiter is forming a conjunction with the Sun and both are about to trine natal Neptune, which is at 6*49'.This is again positive.
So possibly Ben may assure the markets tomorrow and we could see another flare up.
It should be interesting to wait and watch..
Please play only according to the market moves and not in an anticipatory fashion.
Astro Technicals June 17 2013
We all know that the market moves in cycles. There are long term cycles and short term cycles.If astro aspects also influence the markets then the cycles and the aspects must have something in common. Just an attempt to understand how the cycles behaved,in the past, along with astro aspects, by itself is a fascinating area of research.
In my own humble way, here is a small exploration as to how cycles could behave in the near future..
The uptrend from 5477 had three parts to it.12 days, 10 and 8 days. The last small cycle see a crest formation at 6229.45.So the cmall cycle is counted in the down turn as well. We then see a larger cycle of 14 days which had brought the price down to 5683.10.Currently we are seeing the next cycle unfold..
Now comes the tricky part..How will it unfold?
We turn to Financial Astrology for some guidance..
1. We know from our observations seen in http://niftyastrotechnicals.blogspot.in/2013/06/astro-technicals-june-17-to-21-2013.html
that the immediate declinations and aspects will lead to a turn post June 24.So the current rise could take a pause at that time.Could that be a wave of C?
2. June 24, is when we have transiting Venus conjunct natal Rahu in Cancer. This has always lead to a reversal. So could we see a small crest being formed and prices drifting downwards.
3. June 26 to July 20 is Mercury retrograde period. So by July 02, 2013, downward drift could cease and price could move up as c of C.
4. Central time band of Mercury retrograde is around July 08/09.Sun is trine Neptune and Saturn on June 26th and this signature has its time band also as July 08/09.So we could see an important crest formation by July 08/09.
5. July 15 is Saturn trine Jupiter. July 18 is Neptune trine Jupiter.So we could expect a secondary bottom by around August 5, with the first bottom, soon after July 22, when the retrograde period of Mercury ends.
So these are the postulates. Even if Nifty does not follow this path, we are sure to learn a lot from Nifty`s movements in this time band.
Looking at the current price movement, 5888-5900 seems to be the first level of resistance.
Here is a look at the Hourly...
We notice that apart from 5900, we should also look at 6050.
In my own humble way, here is a small exploration as to how cycles could behave in the near future..
The uptrend from 5477 had three parts to it.12 days, 10 and 8 days. The last small cycle see a crest formation at 6229.45.So the cmall cycle is counted in the down turn as well. We then see a larger cycle of 14 days which had brought the price down to 5683.10.Currently we are seeing the next cycle unfold..
Now comes the tricky part..How will it unfold?
We turn to Financial Astrology for some guidance..
1. We know from our observations seen in http://niftyastrotechnicals.blogspot.in/2013/06/astro-technicals-june-17-to-21-2013.html
that the immediate declinations and aspects will lead to a turn post June 24.So the current rise could take a pause at that time.Could that be a wave of C?
2. June 24, is when we have transiting Venus conjunct natal Rahu in Cancer. This has always lead to a reversal. So could we see a small crest being formed and prices drifting downwards.
3. June 26 to July 20 is Mercury retrograde period. So by July 02, 2013, downward drift could cease and price could move up as c of C.
4. Central time band of Mercury retrograde is around July 08/09.Sun is trine Neptune and Saturn on June 26th and this signature has its time band also as July 08/09.So we could see an important crest formation by July 08/09.
5. July 15 is Saturn trine Jupiter. July 18 is Neptune trine Jupiter.So we could expect a secondary bottom by around August 5, with the first bottom, soon after July 22, when the retrograde period of Mercury ends.
So these are the postulates. Even if Nifty does not follow this path, we are sure to learn a lot from Nifty`s movements in this time band.
Looking at the current price movement, 5888-5900 seems to be the first level of resistance.
Here is a look at the Hourly...
We notice that apart from 5900, we should also look at 6050.
Sunday, June 16, 2013
Astro Technicals June 17 to 21, 2013
After falling consistently from 6133 levels of May 30, Nifty had formed an island reversal on June 14, 2013. which is very much within our expected time band.Several astro signatures were indicating such a phenomenon.Technically also this could mark the end of b wave of B and the reversal could begin c wave of wave B.We have completed 44 days of major wave B. Wave A had consumed 49 days from its perch downturn levels of 6111.80 of January 29, 2013.So in another 5 days of trading we will reach equality time wise with wave A.
Let us look at the declination charts....
We see the weekend of June 23 seems to have a culmination of several celestial aspects- Minimum Lunar declination, Jupiter on extreme declination,Full Moon, Moon at Perigee and Moon at Maximum Latitude.
Also the bullish traits of Saturn trine Venus and Venus trine Rahu would have played out by June 24 and the negativism of Sun conjunct Jupiter will start to play out post June 24.
If you had followed our previous posts you would notice that we expect major cyclical turns to happen post June 20, caused by Saturn Neptune trine. We also know that Jupiter in Gemini is not very positive. So everything points out to one more up move before the global markets turn down decisively.
Of course it will not be in one straight down move- and there will be several interesting upsides.
If there is an up move what are the levels possible?
Island reversal represents a possible end of the downturn from 6229 levels.6050, 6100 and 6200 are the levels of resistance the cycles indicate.
If we observe the above Astro Chart, we can see that all our regular planets are on one side of Rahu Ketu axis. In other words all day to day planets are inside the yellow coloured area.This formation is known as Kala Sarpa Yoga and this does not bode well for Nifty`s valuations.This indicates a medium term negative period in the offing.
Within the yellow area, we also notice that Sun, Venus, Mercury and Jupiter are all in Gemini. This indicates heavy volatility and uncertain movements. Preservation of capital must be the utmost concern now. Profits can always be made, if adequate capital is available.
So please trade utmost carefully. Have tight stop losses. If he trade is going against you, refrain from trading immediately. Allow the planetary situations to change before attempting the next trade.Remeber Moon moves in a sign for 2.5 days. So if you face consistent losses, refrain from trading for three days and then start afresh. Market will always have opportunities.
Happy trading!
Let us look at the declination charts....
We see the weekend of June 23 seems to have a culmination of several celestial aspects- Minimum Lunar declination, Jupiter on extreme declination,Full Moon, Moon at Perigee and Moon at Maximum Latitude.
Also the bullish traits of Saturn trine Venus and Venus trine Rahu would have played out by June 24 and the negativism of Sun conjunct Jupiter will start to play out post June 24.
If you had followed our previous posts you would notice that we expect major cyclical turns to happen post June 20, caused by Saturn Neptune trine. We also know that Jupiter in Gemini is not very positive. So everything points out to one more up move before the global markets turn down decisively.
Of course it will not be in one straight down move- and there will be several interesting upsides.
If there is an up move what are the levels possible?
Island reversal represents a possible end of the downturn from 6229 levels.6050, 6100 and 6200 are the levels of resistance the cycles indicate.
If we observe the above Astro Chart, we can see that all our regular planets are on one side of Rahu Ketu axis. In other words all day to day planets are inside the yellow coloured area.This formation is known as Kala Sarpa Yoga and this does not bode well for Nifty`s valuations.This indicates a medium term negative period in the offing.
Within the yellow area, we also notice that Sun, Venus, Mercury and Jupiter are all in Gemini. This indicates heavy volatility and uncertain movements. Preservation of capital must be the utmost concern now. Profits can always be made, if adequate capital is available.
So please trade utmost carefully. Have tight stop losses. If he trade is going against you, refrain from trading immediately. Allow the planetary situations to change before attempting the next trade.Remeber Moon moves in a sign for 2.5 days. So if you face consistent losses, refrain from trading for three days and then start afresh. Market will always have opportunities.
Happy trading!
Wednesday, June 12, 2013
Astro Technicals June week-02, 2013
We had mentioned in this space before, that 2013, is the year for large planets to form planetary aspects which can cause long term effects in all spheres of our lives.Please see the link for a detailed explanation of the various long term planetary effects in store for the next three months.
http://niftyastrotechnicals.blogspot.in/2013/05/long-term-planetary-signatures-may-to.html
What is important to note is that these long term effects begin now.We are already witnessing turmoils in commodity spaces, currencies and the bond markets. Before long every other market also will be subject to these planetary diktats.
Two of the most important right now are shown in italics in the tabulation below. Saturn Neptune trine can be the long term catalyst for the other planetary square, Uranus-Pluto to be activated.
http://niftyastrotechnicals.blogspot.in/2013/05/long-term-planetary-signatures-may-to.html
What is important to note is that these long term effects begin now.We are already witnessing turmoils in commodity spaces, currencies and the bond markets. Before long every other market also will be subject to these planetary diktats.
Two of the most important right now are shown in italics in the tabulation below. Saturn Neptune trine can be the long term catalyst for the other planetary square, Uranus-Pluto to be activated.
First Planet
|
Second Planet
|
Effect
|
Period
|
Remarks
|
Saturn
|
Neptune
|
Trine
|
May 12 to July 27
|
Central Time band of this aspect is 37-38 days from May 12, which is
around June 20.This corresponds to a longer term cycle crest from which
prices decline sharply for 1 or 2 years. So we need to look out for crest
formation by June 20 or thereabouts for long term cycle declines.
|
Uranus
|
Pluto
|
Waxing Square
|
April 18 to June 28 ( 72 days)
|
Central time band of this aspect is from May 20 to 24. Nifty hit a
top on May 20, at 6229.45.This also leads to huge declines as seen in 1876.
|
Sun
|
Neptune
|
Waxing Square
|
May 25 to 28
|
Trough formation in nine trading days- by June 06/07.
|
Venus
|
Saturn
|
Waning trine
|
June 06 to 09
|
Trough formation in 5 to 12 trading days. ( June 14 to 25)
|
Venus
|
Uranus
|
Waxing Square
|
June 12 to 14
|
Trough formation in 9 trading days, around June 25
|
Venus
|
Pluto
|
opposition
|
June 11 to 13
|
Watch 2 days preceding and succeeding. Possibility of reversal.
|
Mars
|
Neptune
|
Waxing Square
|
June 06 to June 10
|
Powerful reversal within 7 trading days. Within 18 June
|
The only known record of a Uranus Pluto square and its effect on markets is reproduced below...
We can see that in 1876-77, Jupiter and Saturn were also in the picture forming a square and being square to the Uranus Pluto axis. This time round Saturn and Jupiter are forming a trine, which makes us assume that there is hope for an ultimate turn around in the world situation after a significant decline.
The aspects formed by Sun, Venus and Mars with the slow moving planets, all point out to a trough formation between June 11 to 18.
Here is a chart on the cyclical expectation of an impending long term decline...
It seems to point out to 5300 levels by the first quarter of 2014.
Zooming in on the situation right now,
Venus Antara-Rahu Sookshma ended yesterday, on June 11, 2013. We are expecting a bounce up in Jupiter sookshma before a clear cut decline commences.
Wave wise, B of Wave B, is seeking to achieve 61.8% retracement from 6229 levels.5750 to 64 is an important level to watch out for.
The hourly cycles also point out to end of the current decline- but then these are all just suppositions.
Let us wait for the market to point out the way ahead.The moving averages are all pointing downwards. Let them turn up before we cover the shorts.
Happy trading.
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