Sellers is having Upper Hand !
Hello bhikhu65
As requested by you here what I see in this chart,
Strong Downtrend and it Downzone is may be deep
Up move is only expected 380 on Weekly Closing basis (as Rejection zone is 350-380)
Below Support Zone is near 245 and Price is testing this level is only once,
so my my expectation is Consolidation in the Below Zone and below that Downtrend will Continue as it is going on now.
will try to review this script after some time,
Thank you for your time, Love And Support.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
As requested by you here what I see in this chart,
Strong Downtrend and it Downzone is may be deep
Up move is only expected 380 on Weekly Closing basis (as Rejection zone is 350-380)
Below Support Zone is near 245 and Price is testing this level is only once,
so my my expectation is Consolidation in the Below Zone and below that Downtrend will Continue as it is going on now.
will try to review this script after some time,
Thank you for your time, Love And Support.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Note
WCB close above 380 will change its direction.Note
Rejection Zone is working till Now , :(
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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.