How trend reversed in Feb 2010...
It looks like that market is making similar pattern here ...a series of engulfing candles in oversold zone...increased volatility ...as traders are searching for the direction...bulls and bears both are showing their power and candles are indicating that both are in power but the main factor may support bulls in near future is market is highly over sold...so slowly selling will reduce at this valuation...and fresh buying will lead the bulls towards higher highs...
It looks like that market is making similar pattern here ...a series of engulfing candles in oversold zone...increased volatility ...as traders are searching for the direction...bulls and bears both are showing their power and candles are indicating that both are in power but the main factor may support bulls in near future is market is highly over sold...so slowly selling will reduce at this valuation...and fresh buying will lead the bulls towards higher highs...
