Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!!
The most important point is if price wants to go up then it must have to take out the yellow trendline in 4hr & daily time frame. Then and then only investors can look for long term positions.
For traders, everything is in the chart above.
Now, above target 2 you can exit wherever you want, if you are satisfied with the green numbers you are seeing in your account then exit as simple as that!!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need. ThankYou!
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Yellow zone breached downside!
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The yellow range is the strongest support if price breaches it then it can retrace back so be careful. This is wave 4 downside so there can be a pullback upside anytime or within next week.
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In 1Hr time frame price touched the yellow trendline and called downside. See the power of analysis, the levels mentioned are still intact. This is how everyone should be able to do an analysis like this. This is an art that came from gathering knowledge & observing and practising on charts for hrs.
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At the buy level.
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sideways since morning, most likely is gonna give breakout upside. But be careful.
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Target 1 achieved. That's how the analysis is done!!