If this count is correct then there could be some more upside left. But the Full(5,5,3) stoch can only rise at most to 64 tomorrow. If the index ends much below the high of the day then the stoch will fall. A continued strong rally therefore seems unlikely on that basis.
2 comments:
Can you recommend some good books on technical analysis. May be a post that would be of help to novice like me. Thanks in advance.
Excellent suggestion. I will write my next post on this topic.
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