15 May Wednesday View

34850, 34680, 34500 are the lower highs seen since 10 May Friday. 38.2% retracement level @ 34326 is being tested several times since then as well and as of now it is holding, but with the lower highs meaning the price not being able to push further upside, it seems like it is just a matter of time for the 34326 level to be broken and price to slip further downwards, given the sentiment seen in chart since 10 May Friday. If for any reason the sentiment changes, the above mentioned levels will be acting as a resistance one after another to contain the price within.

Let's see how the day unfolds.

Trade Happy, trade safe :)