price was in upstrend following higher high and higher low
on friday price broke the higher low, it was the first sign of trend change
on momday it was like pullback as price made internal (lower time frame higher lows)
but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low
as smart money concept if the pullback has to sustain the price and insitutional will be interested at buying on higher low zone of 38500 or 38380
if price breaks the friday low and forms a lower high
then price might fill the previous gap which is pending at 38150
on friday price broke the higher low, it was the first sign of trend change
on momday it was like pullback as price made internal (lower time frame higher lows)
but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low
as smart money concept if the pullback has to sustain the price and insitutional will be interested at buying on higher low zone of 38500 or 38380
if price breaks the friday low and forms a lower high
then price might fill the previous gap which is pending at 38150
Nota
price seems to be strong it has over riden the 0.5 level and heading towards 0.6-0.7 still this level will act as rejection levelsNota
bos was the entry point , price didnt break the level no trade intiated
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.