descending triangle???

The beast is now seems to be confined within a large descending triangle on the daily chart. Next crucial support to be watched is at the 142.7 region; where the bulls might come in again to push the price to 147.00 area.

Should that happen, I will stay out of market until next confirmation to go short again. Keep it simple - in bear market, sell the rallies; in bull market, buy the dips...

Below is the daily chart as at market close this week. Good luck and happy pipping... Enjoy your weekend...


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