Price made All Time High and now it is consolidating. It can continue the trend or pause for some time.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 21940.
Stop Loss : 21900.
Targets : 21980, 22010, 22040 and 22080.
These levels are derived based on the assumption that price will take support from 21900 and break the consolidation.
Sell below : 21820.
Stop Loss : 21860.
Targets : 21780, 21740 and 21720.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 21940.
Stop Loss : 21900.
Targets : 21980, 22010, 22040 and 22080.
These levels are derived based on the assumption that price will take support from 21900 and break the consolidation.
Sell below : 21820.
Stop Loss : 21860.
Targets : 21780, 21740 and 21720.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Towards 22068, 22084, 22092. Less trend strength. 21996 - 22016 is trend deciding zone.
Comment:
22084 so far...
Comment:
22092 done. 22100 - 22116 important level for trend direction.