- PREVIOUSLY - after resisting from 3164, it took support at 2799+ which indicates the bulls and buy on dips is sill active
- it breakout from the trend line and crossed previous lower high and retested
- will be looking for entry after second bullish sign on 2950 precisely, it may go first up and come back towards the level
- if it continue to upwards then will skip this trade
- the reason for double retest is to see another confluence of double bottom on the 50ema bands could add strong signs for our trade
- profit taking levels based on fib extensions will be 3164 and 3370
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.