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Possible H&S in Spider


A possible Head and Shoulder is forming in spider long term. If spider didn't break through 115 resistance ( Now spider is in 106), It could be a head and shoulder pattern (bearish).


Note : This kind of pattern formed in 2009 summer, Market watchers saw, due to lack of volume in summer and long term bearish nature in the market, everybody expected, market will go down. pattern failure caused market rallied from 87 to 117.

"Trade what you see " not your expectations..
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