-- The script has a strong support level in the range of 933 and resistance at the range of 1110.
-- In the daily time frame, price starts to form a wedge pattern.
-- The target level for the wedge pattern is decided by the width of the broadest part of the triangle.
* The content provided in this blog is purely only for educational purposes. I am not a registered investment advisor or research analyst. So consult your financial advisor before making a decision
-- In the daily time frame, price starts to form a wedge pattern.
-- The target level for the wedge pattern is decided by the width of the broadest part of the triangle.
* The content provided in this blog is purely only for educational purposes. I am not a registered investment advisor or research analyst. So consult your financial advisor before making a decision
Note
As expected, the price touched the support level of 933 but was unable to break the level, Hence starting bounceback. price moving as per blue line markNote
As predicted, the price hits the upper zone. Target Reached !!!
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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.
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.