BNF - Near important Resistance Levels, 3rd Time!

15 Feb 2024

In daily timeframe, an important resistance trend line coming with full/final confirmation for further bullishness in the index. BNF will be approaching the line for the 3rd time, it also makes it crucial for decision.
if tomorrow? = level is around 46600 (+/-)

Key resistances:

1. Descending trend line on daily timeframe. (46600)
2. Horizontal Line at W's neck. (46900)

if broken (both) - Big Gap will be filled soon.

Let's wait, watch and observe till monthly expiry!

Note: My Personal Opinion(MPO) = Long

17 Feb 2024

Nota

1st Resistance itself showed some strength and weakness at one time. Got broken above but came back lower below. Resistance Strength is shown when the price got pull back down from Day High and the Weakeness is visible because of the momentum or the swing it got from 44900. if the price keep swinging near this resistance again and again, this will be broken above sure. Like a Demolishing Wrecking Ball hit again and again.

Still Wait, Watch, Observe, Analyse and Observe Live.

20 Feb 2024

Dagangan aktif

Resistance demolished today like "The Wrecking Ball" since the price hit many time on that "Descending Tred Line" in last 3 sessions.

Also, Both the resistances - descending and horizontal line ar W's neck brokeout today upwardz. Still one opportunity for breakout failure is there.

Heard that candles are talking about few retests, and 49000 levels!

Observe! Playful!