We had a gap down and consolidation move on Friday. Consolidation has formed a descending triangle. 24000 is an important support zone and the price is sustaining above it so far.
Buy above 24120 with the stop loss of 24070 for the targets 24160, 24220, 24300, 24380, 24420 and 24480.
Sell below 23960 with the stop loss of 24000 for the targets 23920, 23880, 23820, 34780 and 23720.
23950 to 24100 is a slow moving zone where bulls and bears will fight to hold 24000.
Always do your own analysis before taking any trade.
Buy above 24120 with the stop loss of 24070 for the targets 24160, 24220, 24300, 24380, 24420 and 24480.
Sell below 23960 with the stop loss of 24000 for the targets 23920, 23880, 23820, 34780 and 23720.
23950 to 24100 is a slow moving zone where bulls and bears will fight to hold 24000.
Always do your own analysis before taking any trade.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.