In the hourly timeframe, we can clearly see that the downtrend has been changed to an uptrend and is continuing. A correction up to point C (higher low) is seen and then the price is trying to break point B ( breakout level- trying to make a higher high).
If the price sustains above point B, then we can see the price going to the supply zone shown on the chart. This zone is formed by 1.618 and 2 fib extensions of BC.
Tomorrow being a budget day, if the market sentiment remains positive, the price may go up to 17550-17670.
Trade with caution and this is not investment advice.
Happy trading :)
If the price sustains above point B, then we can see the price going to the supply zone shown on the chart. This zone is formed by 1.618 and 2 fib extensions of BC.
Tomorrow being a budget day, if the market sentiment remains positive, the price may go up to 17550-17670.
Trade with caution and this is not investment advice.
Happy trading :)
ノート
Made a high of 17622. Currently in the PRZ and also reacting violently at this supply zone.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。