Market Commentary

Hi All,
Phew!! The crosses have a great practice of making us fools, dont they!! Here everyone is looking for upward movement and there we all have a nice retracement. The retracement so far has been well supported by the fibos of the last major wave and i expect the fibos to hold well through the rest of the day.

The retracements, as repeatedly address in this blog, present good opportunities to add to our longs. Each one would have a different method of finding the supports and resistances. So find the S and R using your own methods and continue buying dips. Unless there is a fundamental reason for change, thes retracements are purely for profit taking and technical purposes and should be treated as opportunities. So continue buying dips and enjoy the ride!!

Happy Trading!!