Thursday, May 6, 2010

Soft day ahead?

 

As expected yesterday, the Hammer did not get confirmed today. Nevertheless, it has not failed too.  This means, no classic reversal has happened on the EOD chart. The hourly chart has confirmed a bullish move ahead. Hence, I expect a volatile, positive biased, but soft day ahead.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES