2) On the contrary, if the orange line is taken out upside in 15mins then the orange zone is the target and price can reverse back from there if not sustained. Also if price opens above the orange line and sustained above it for 15mins then orange is the target.
3) If the price takes out white & sky blue trendline in 1Hr & 4 Hr time frames then uptrend will begin.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
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Always trade what you see, never trade what you feel.
Took the support exactly at S1 !!!
Next analysis on the way