Now that the fall and the pull back is done in a single trading session...
What might be the next possibility?
In the chart attached, the latest candlestick looks be on its way for a Bearish Engulfing. The Candlestick action is yet to be completed and hence it is not a confirmed view.
But the chances are that, it may form an Engulfing pattern and the next level of fall might continue.
Is there anything supporting this view?. Yes. The Euro. Look at the 480 Min chart of Euro. Its price action too at present support this view.
Since this is not yet a confirmed pattern, It will be wise to wait and watch…
Conclusion: Even though the Asian Markets may open positive, It may not sustain; but possibly fall.
