This index has now corrected 5% and on the daily chart the RSI has floored. The price closed the week bank on the 34EMA which has been a broad area of support.
Interestingly and what this chart shows is that the fall has closed a major gap at 25576 but we now have a huge gap from the start of this drop back up to 26435.
BTFD still the underlying mentality?
Interestingly and what this chart shows is that the fall has closed a major gap at 25576 but we now have a huge gap from the start of this drop back up to 26435.
BTFD still the underlying mentality?