after failed attempt on thursday price then trying form a base near the medium timeframe demand zone (mtf)
as such condition it is likely considered as
trend (thursday fall) >>>>
then side ways for liqudity generating
and >>>>>> then (trend continued)
on side
19080
18922
are curcial level to watch
18700 will be third support where price is likely to turn around if all of ther pattern goes as per textbook method
price is likely to get oversold
as such condition it is likely considered as
trend (thursday fall) >>>>
then side ways for liqudity generating
and >>>>>> then (trend continued)
on side
19080
18922
are curcial level to watch
18700 will be third support where price is likely to turn around if all of ther pattern goes as per textbook method
price is likely to get oversold
Note
price made a pullback and got rejected from fib 0.6 which was having confluence with medium time frame supply zone the last hour selling looks parabolic
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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.