-- 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
Comment:
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 mark
Comment:
As predicted, the price hits the upper zone. Target Reached !!!