ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE LOOKS WEAK, RECEIVING GOOD RESISTANCE FROM FIBO 0.5 LEVEL
SELL NEAR 3015 LEVEL 3030 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
BUY ONLY IF A REVERSAL CANDLE IS FORMED NEAR/ON THE DEMAND ZONE - GREEN.
IF THE DEMAND ZONE IS BROKEN WITH VOLUME: SELL BELOW 2850, BE CAUTIONS WHEN PRICE IS NEAR 2800 LEVEL
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
3) VOLUME - RED ( BEARISH VOLUME )
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
PRICE LOOKS WEAK, RECEIVING GOOD RESISTANCE FROM FIBO 0.5 LEVEL
SELL NEAR 3015 LEVEL 3030 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
BUY ONLY IF A REVERSAL CANDLE IS FORMED NEAR/ON THE DEMAND ZONE - GREEN.
IF THE DEMAND ZONE IS BROKEN WITH VOLUME: SELL BELOW 2850, BE CAUTIONS WHEN PRICE IS NEAR 2800 LEVEL
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
3) VOLUME - RED ( BEARISH VOLUME )
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!