OI up by 19.51% and price up by 1.49%, shows very strong buildup on the long side.
Two harmonic patterns are detected:-
1. AB=CD, which gives a target of 22,294:- High was 22,276, hitting out 1st target.
2. CYPHER, which gives a target of 22,589 and Fibonacci target 22,372/22,550.
I keep on repeating, we are in a broad range of 21k to 23k and 22k is the pivotal point, just play the range until we have decisive breakout or breakdown, that's the untold story of the last 2 months.
Decision Zone 22,043- 22,130
Any stong move is only possible above 22,750.
Potential Reversal Zone is 22,372 - 22,550 if we see any reversal signal here, shorts can be initiated with SL of 21,750.
Trade what you see, not what you feel, trading is all about making money & nothing else.
Two harmonic patterns are detected:-
1. AB=CD, which gives a target of 22,294:- High was 22,276, hitting out 1st target.
2. CYPHER, which gives a target of 22,589 and Fibonacci target 22,372/22,550.
I keep on repeating, we are in a broad range of 21k to 23k and 22k is the pivotal point, just play the range until we have decisive breakout or breakdown, that's the untold story of the last 2 months.
Decision Zone 22,043- 22,130
Any stong move is only possible above 22,750.
Potential Reversal Zone is 22,372 - 22,550 if we see any reversal signal here, shorts can be initiated with SL of 21,750.
Trade what you see, not what you feel, trading is all about making money & nothing else.
Nota
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.