Fibbo from Major high to Major low and stock is taking support at 0.618
We may plan trade once a day candle closes above 3340 with good volume ( Trendline break ) and came to retest 3240/50 levels (for conservative traders),
for aggressive traders who can take bit large SL then can enter above the candle with breaks trendline and closes above 3340. SL should be below Fibbo 0.618 levels or swing low.
We may plan trade once a day candle closes above 3340 with good volume ( Trendline break ) and came to retest 3240/50 levels (for conservative traders),
for aggressive traders who can take bit large SL then can enter above the candle with breaks trendline and closes above 3340. SL should be below Fibbo 0.618 levels or swing low.
Comment:
Educational purpose only.
Comment:
still in consolidation mode.
Comment:
finally broke the consolidation and moving toward 3485 and 3800 lelvels.
Trade closed: target reached
Trade closed: target reached:
4000 reached, can trail SL to 3800 levels