Key highlights:
⚡️ Consolidating in the weekly demand zone for the last 4 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range high, expect 1700 and higher in the coming weeks.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Community Manager (India), TradingView
⚡️ Consolidating in the weekly demand zone for the last 4 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range high, expect 1700 and higher in the coming weeks.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Community Manager (India), TradingView
Global Community Manager,
TradingView
TradingView
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.
Global Community Manager,
TradingView
TradingView
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.