Seeing a strong support at 1800 which a sign that it would bounce back from 1800.
1. First it will Test EMA 21
2. The it will test EMA 55, if it gets rejected from EMA 55 then expect an hard fall again.
Since both are Fabonacci Numbers if it breaks both we can expect a rally.
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1. First it will Test EMA 21
2. The it will test EMA 55, if it gets rejected from EMA 55 then expect an hard fall again.
Since both are Fabonacci Numbers if it breaks both we can expect a rally.
If you support the analysis please drop a like :)
PLease comment for other views :)