Weekly Chart
Weekly charts continue to be bullish with each correction smaller than the previous one.The 1370-1075=295, the 1422-1267=155 and 1474-1343=131.The bearishness of the shooting star made last week was not confirmed with a closing way above the shooting star's mid point.The close was also above the support line of the rising wedge.
Daily Chart
Daily Charts show a bearish bias with the neckline of the inverse head and shoulders being broken down.The recent high of 1448 needs to be taken out to indicate bullishness is regained.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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