Hope you guys have done well in yesterday's trading session. The index has breached their psychological resistance by 18,000 but failed to close above then it.
The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in yesterday's trading session and this level is valid for today's trading session as well.
Build long position if the yesterday high of 18,050 broken for the target of 18,150 and 18,200.
Short Position can build lower than 17,900 for the targets of 17,850 and 17,800
Trade setup
==============
RANGE HIGH: 18,050
RANGE LOW: 17,900
Key support is: 17,800
Key Resistance is: 18,200
The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in yesterday's trading session and this level is valid for today's trading session as well.
Build long position if the yesterday high of 18,050 broken for the target of 18,150 and 18,200.
Short Position can build lower than 17,900 for the targets of 17,850 and 17,800
Trade setup
==============
RANGE HIGH: 18,050
RANGE LOW: 17,900
Key support is: 17,800
Key Resistance is: 18,200