The beauty of technical analysis is repetition of patterns, over and over again and at all time frames.
The chart shows a channel at hourly level before breaking down and heading lower. Currently we are in another channel formation which can be traded at 30/15 min level.
Two FIB levels are marked on chart for both channel which would serve as levels/targets for trading.
With monthly expiry, do expect wild swings.
Have a happy day ahead!!
The chart shows a channel at hourly level before breaking down and heading lower. Currently we are in another channel formation which can be traded at 30/15 min level.
Two FIB levels are marked on chart for both channel which would serve as levels/targets for trading.
With monthly expiry, do expect wild swings.
Have a happy day ahead!!
