Price broke the all time high and has given a pullback, the price is currently at a confluence of factors :
1) Price is retesting the previous breakout zone (Resistance acting as support)
2) Price is taking support at the 9 day EMA
3) Currently price is also taking support at 0.5 Fibo Level
This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis.
DISC: VIEWS FOR LEARNING PURPOSE ONLY
1) Price is retesting the previous breakout zone (Resistance acting as support)
2) Price is taking support at the 9 day EMA
3) Currently price is also taking support at 0.5 Fibo Level
This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis.
DISC: VIEWS FOR LEARNING PURPOSE ONLY
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.