IBULHSGFIN has zone highlighted in yellow (251-258) which acted both as support & resistance during last 2 years.
This is beauty of Price Action where role reversal happens as price moves around these zones.
One should focus on identifying support & resistance zones which can come in many forms.
1. Horizontal Lines
2. Trend Lines
3. Fibonacci Levels
4. EMA / SMA
5. Gaps
6. Pivot Points
Correct understanding of SR levels pave a way for successful Price Action analyst.
Also highlighted in this chart is Ascending Trinagle formed by IBULHSGFIN , breakout from the level and then pullback to neck line.
Hope this article help in your learning.
Thanks
Piyush Gupta
Learn & Earn
This is beauty of Price Action where role reversal happens as price moves around these zones.
One should focus on identifying support & resistance zones which can come in many forms.
1. Horizontal Lines
2. Trend Lines
3. Fibonacci Levels
4. EMA / SMA
5. Gaps
6. Pivot Points
Correct understanding of SR levels pave a way for successful Price Action analyst.
Also highlighted in this chart is Ascending Trinagle formed by IBULHSGFIN , breakout from the level and then pullback to neck line.
Hope this article help in your learning.
Thanks
Piyush Gupta
Learn & Earn
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。