Daily Chart
Formed an outside day with a higher high and lower low candle.The Outside day is a reversal pattern and shows a deceleration of the current trend which is down in the very short term.The big range of the outside day increases the possibility of a reversal. Look out for supports holding to see a change in trend. Support taken on the downtrendline on a closing basis supports the reversal view.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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