SGX prediction based on support resistence levels

NIFTY1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,

current fresh support zones are 17592/17569 and 17499/17480.

if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before starting upside journey again.

评论:

sgx parallel channel break+retest, watch for sideways or down move ( channel break+retest logic).

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