Chart Type - Heikin Ashi
Time Frame - Daily
Indicator:-
1. Moving Averages (For entry and exit)
2. Fibonacci Retracement (For support and resistance)
The price has successfully tested its Fib retracement level of 23.60% which is 179.15, the level acts as a strong support. Also the moving averages came close to each other showing the consolidation in the price at these levels.
Trade Zone:
Resistance1 - 186
Resistance2 - 191.50
Trade Plan:
I will wait for the levels of 186 to be broken and for a bullish crossover of moving averages.
Also keep in mind that on the weekly chart it has a retracement level of 23.60% at 175 level. So, the price can be volatile in the range of 175 to 186. You can check the weekly chart in the update section.
Disclaimer: This is my pre market analysis and my trading/analysis journal. Not a suggestion to buy or sell. The material here is only for educational purposes.
Thanks
Sardar Simranjit Singh Virdi
Time Frame - Daily
Indicator:-
1. Moving Averages (For entry and exit)
2. Fibonacci Retracement (For support and resistance)
The price has successfully tested its Fib retracement level of 23.60% which is 179.15, the level acts as a strong support. Also the moving averages came close to each other showing the consolidation in the price at these levels.
Trade Zone:
Resistance1 - 186
Resistance2 - 191.50
Trade Plan:
I will wait for the levels of 186 to be broken and for a bullish crossover of moving averages.
Also keep in mind that on the weekly chart it has a retracement level of 23.60% at 175 level. So, the price can be volatile in the range of 175 to 186. You can check the weekly chart in the update section.
Disclaimer: This is my pre market analysis and my trading/analysis journal. Not a suggestion to buy or sell. The material here is only for educational purposes.
Thanks
Sardar Simranjit Singh Virdi
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.