Daily Chart
Changed the candle colors to show what a bloodbath it was yesterday! The break from the head and shoulder pattern and uptrendline from March 2009 lows is certainly decisive. Target of the H&S pattern of 1150 looks achievable.Other lower targets are 1130-1100 , fibo retracements as shown on the charts.
Resistances on a pullback are at 1215-1223-1231-1238-1258.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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