The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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Another downside movement was expressed towards 1.1990. Breakdown below it was needed to allow one more downside visit towards 1.1840.
However, an upside pullback was demonstrated towards 1.2175 (backside of the broken trendline) which provided sufficient bearish pressure resulting in a quick downside movement towards 1.2070.
Currently, any upside movement towards 1.2175 should be watched for bearish rejection and a possible valid SELL Entry.
If so, another downside movement towards 1.2070 should be anticipated. Further downside movement would be projected towards 1.1990.
On the other hand, a breakout above 1.2175 enhances further bullish advancement towards 1.2250 as an initial target
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