From a larger time frame context looking keenly at these 2 zones in the markets. Idea is we ride the trend on the upside as market evolves but be prepared for a failure at the upper zone for a potential reversal or a break out above that for another leg of move.
On the downside a break below the support areas, will lead to a potential correction and rotation back to the balance areas of 27150 zones.
the three potential trade scenarios are presented
On the downside a break below the support areas, will lead to a potential correction and rotation back to the balance areas of 27150 zones.
the three potential trade scenarios are presented
Comment:
beautiful reaction to hypothesis 1 levels...