Follow up bearishness with a gap down .The right shoulder of the bearish head and shoulder pattern continues to form.
However, the candle formed a doji leaving the bears a little confused.The long upper and lower shadows shows the extent of confusion.The fact that the gap was filled increases the possibility of a change in sentiment from bearish to bullish.Close above the 50 and 200 dema after violating them intraday is a positive too.Close too was at the 38.2% fibo level after retracing almost 50% of the rise.Stochastics too has reached the oversold level indicating a pullback may be coming.
Supports now at 10941-10898-10764 Resistance at 11063-11135-11200-11256.
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