Generic construction - Given a Breakout and ready for 183 level
Updated
The generic construction has given a breakout and ready to test its 38.2% retrenchment level which is @ 160 and once above it will go for our second target of 173 and finally 183 level. Giving a good return of 10% to 20% from current level of 153.
This is based on Fibonacci retrenchment levels as shown in the chart. Good luck with your trade.
Please keep a stop loss of 140.
This is based on Fibonacci retrenchment levels as shown in the chart. Good luck with your trade.
Please keep a stop loss of 140.
Trade active
Tested 160 levels today, despite fall in market closed in positive. This clearly shows good momentum and ready for 183 level.Trade closed: target reached
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.