Seems new entry takers got a problem. Premiums are high ,uncertainty and lots and lots of analysis and rumors around.
I am not expecting big corrections at time being ,but possibility is it can consolidate at current levels cooling off the heat.
Global cues are favorable and all good news are already factored in. Those who are holding the positions be careful .
The action of the price clearly shows a little weakness but not significant enough to aggressively short the position ,wait for the confirmation on the day time frame.
The price can move in between the Violet colored lines {See the numbers by yourself}.
Trade Wisely And Smartly
I am not expecting big corrections at time being ,but possibility is it can consolidate at current levels cooling off the heat.
Global cues are favorable and all good news are already factored in. Those who are holding the positions be careful .
The action of the price clearly shows a little weakness but not significant enough to aggressively short the position ,wait for the confirmation on the day time frame.
The price can move in between the Violet colored lines {See the numbers by yourself}.
Trade Wisely And Smartly
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