Wednesday, January 11, 2012

Importance of 4883

Following points make 4883 an important level for Bulls to cross
  1. This is Golden ratio (61.8%) level from 5100 to 4530
  2. Nearing 50 DSMA
  3. Important resistance as per Gann Level ~ 4882
  4. Break out point as per Daily Camerilla calculation ~ 4881
  5. Next resistance as per Daily Pivot Point ~ 4878
It would not be easy for Bulls to cross all these hurdles

No comments:

Post a Comment