Fibo
Level 0: 16809.65 (14/2/22 Low)
Level 1: 17490.6 (16/2/22 High)
Range: 320 points
Reversal: 17070.7 (Level 0.362)
Target 1: 17675.8 (Level 1.272) (600 points from 17070 level)
Target 2: 17911.45 (Level 1.618) (840 points from 17070 level)
Today’s closing has been above 0.5 level of the range i.e. 17150.15 level so, probability of tomorrow's closing nearby or above 17344.9 levels are high.
wait for a range to be formed, trade at 0.236/ 0.5 level of reversal of the market will proper SL.
Level 0: 16809.65 (14/2/22 Low)
Level 1: 17490.6 (16/2/22 High)
Range: 320 points
Reversal: 17070.7 (Level 0.362)
Target 1: 17675.8 (Level 1.272) (600 points from 17070 level)
Target 2: 17911.45 (Level 1.618) (840 points from 17070 level)
Today’s closing has been above 0.5 level of the range i.e. 17150.15 level so, probability of tomorrow's closing nearby or above 17344.9 levels are high.
wait for a range to be formed, trade at 0.236/ 0.5 level of reversal of the market will proper SL.