- VERY simple set up here we are analyzing the simple impulse and correction.
- We need to spot the top here soon to define the next lower high and in order to do that
---> we look at the next resistance which is at 393.19 we need to see a rejection or a break from here if we reject its a possibility that this is it, if we break then we are heading towards 400 which is the next gap fill which chances are higher for
- so we have 3-4 scenarios depending on how it moves so be ready and analyze the rejection/break and also take at gap fill levels for a potential long play
- We need to spot the top here soon to define the next lower high and in order to do that
---> we look at the next resistance which is at 393.19 we need to see a rejection or a break from here if we reject its a possibility that this is it, if we break then we are heading towards 400 which is the next gap fill which chances are higher for
- so we have 3-4 scenarios depending on how it moves so be ready and analyze the rejection/break and also take at gap fill levels for a potential long play
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