Karachi 100
Karachi breaks the rising channel trendline for the entire rise since 2009, giving the first sign that a bull market may have ended. The 5th wave was truncated as it did not achieve its full potential at the upper end of the long term channel and that was a surprise. The chart shows wave C down starting for the current leg and the fall so far is in 5 waves down. Any pullback to the broken trendline near 44000 should face selling pressure and we should head towards C=A near 38200 in the next move down.
Comments (0)
Sort by
Latest First
Oldest First