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Tag Archives: MCX Price action trading

Price action Trading | MCX Share prices are corrective since October 2016

MCX Shares are in Correction Following a Strong Breakout

By Trading Predator November 2nd, 2016 2 Comments

Following a strong Impulsive Breakout in the September (the move which lasted till the beginning of October) Price action turned into corrective structure composed of small candles lacking momentum and liquidity. Pullback Failure at 1400.00 forced retail investors to exit the positions creating a corrective selloff in the month of October. The correction may last