4200 has confirmed as new base and good support for medium time frame (1h)
after the retest price followed and formed higher high and higher low
currently halting near 4400-4300 zone price seems to consolidate
many of us looking it as flag and pole and will look to buy on trend continous
as a fib retracement there is possible less probablity to gain good risk to reward on long side
rather let price retrace from 4450 - 4460 zone and look for buy on pullback
after the retest price followed and formed higher high and higher low
currently halting near 4400-4300 zone price seems to consolidate
many of us looking it as flag and pole and will look to buy on trend continous
as a fib retracement there is possible less probablity to gain good risk to reward on long side
rather let price retrace from 4450 - 4460 zone and look for buy on pullback
Comment:
thats what we expected
Comment:
price hovering near a support zone 4168 will be important if price breaks down there will be more downside opening