Now every one is talking about this will go down it has closed below some bla bla bla weekly low , Wait for daily candle to develop , its not going down , if you are true analyst , your forecast should come at this stage where its not dropping in panic , its just another day of correction i am looking this will make one more move up , one can wait for it develop strongly in the trend , but should be aware that this push is last push Regardless of Market news or upcoming events , this has one more move up left You have two options , wait for this move to complete and then look for sell set up or Join the party for upside move once it develop the momentum
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Now the move to upside is complete as per one of the Price movement theory , and another theory which is popularly know as wave theory which suggest it has still one more move , Yes it is possible , because extensions are pretty much in all fluid stock before ending the Trend What kind of extensions are going to take place i have no idea , but we look in to internal pattern and Momentum indicator to take decision weather to stay or get out form the position , any one having a position take care by trailing stop form here onward
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So far we are very much in the trade from 721 to 813 , we have lightened up our position today at EOD , we will start booking rest on every rise of 3 point form here onward