I have explained the expected movement on chart but final confirmation must be from Orderflow Analysis. I will be looking for trapping and absorption in circled area.
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Not till 18th, I think we have to wait till 22nd Jan 2024
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My expectation was that the price would drop to the demand zone, and I was right—the price fell well till 2015, I earned good.
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I am Long since 2015, going to hit 2040, Book more than half.
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