From last 3 days we have seen bearish signals from MACD. Know
I am eager to say that I have spotted a reversal. As you all know I am a great
follower of Bollinger Band, and band turning into good supports and resistances.
Even the Parabolic SAR had conformed a
long bearish run. Yet I am confident to say that I am eager to see reversal. I hope
market will show good support according to fib levels as I have shown in the
figure. I am also eager to see how MA are going to work. Normally 20d and 100d are not a good combinations yet I am
willing to try something “New”….
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