There are 3 phases technical of line drawn. The price is bouncing number of times at those lines. The 2 phases of line are very closer to current price where can react as reversal in price.
1-Phase Horizontal-line at 18364: Currently, the price is already reacted at this phase.
2-Phase Horizontal-line at 18174: This phase more important for reversal setup and, price already bounced 4 times.
3-Phase Horizontal-line 16855: My most of setups was created at this phase which has surged my portfolio. You can visit below URL wherein I had traded.
This is really very simple analysis but, useful for me!
in.tradingview.com/c...breakthrough-result/
in.tradingview.com/c...range-of-421-points/
in.tradingview.com/c...crucial-level-16855/
in.tradingview.com/c...lysis-in-simple-way/
1-Phase Horizontal-line at 18364: Currently, the price is already reacted at this phase.
2-Phase Horizontal-line at 18174: This phase more important for reversal setup and, price already bounced 4 times.
3-Phase Horizontal-line 16855: My most of setups was created at this phase which has surged my portfolio. You can visit below URL wherein I had traded.
This is really very simple analysis but, useful for me!
in.tradingview.com/c...breakthrough-result/
in.tradingview.com/c...range-of-421-points/
in.tradingview.com/c...crucial-level-16855/
in.tradingview.com/c...lysis-in-simple-way/
Comment:
However, by the looking ((a)), ((b)) and ((c)) project has been almost completed as per fib. retracement but, herein door is open downside move if price take resistance as 18566 nearby.