S WAVE CHARTS

[NASARAVI]

Scoot/xy:

My charting is really primitive compared to you both who are really experts - I am a novice to the markets as well - reading and learning from you both.

But, snoot if you add MA 13 to the monthly you have and add 13,34,21 MACD as well and put it in the sticky.

We can watch it closely then - based on last two tops a MACD cross is fool proof and once we get below MA 13 it usually becomes resistance now at 2048.

With an ATR weekly of 40 points we could go there in 1-2 weeks and should reverse.

Regards.