DXY - Long Attempts only in $96-94 zoneTVC:DXY just gave a breakdown.
On can attempt for any kind of long position, only near 96-94 zone.
Fibonnacci
How Support and Resistance of Fibonacci Levels - Pidilite IndJust posted chart for learning purpose, please note the retracements levels bounce from key levels.
How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement
After Forming W Pattern at bottom, confirming through RSI Divergence,
1) First Retracement to 38.2% levels, then came down
2) again found resistance at 38.2% levels
3) third time broke 38.2% level as it got weak and got resistance at 61.8% level
4) Retraced to 50% level and bounced back to break 61.8% level (perfect price action)
5) Formed double top pattern at 78.6%
6) stock fall downside back to 38.2% levels and retraced to 50% levels (perfect price action)
7) Again retracing and finding resistance at 38.2% level
Happy Learning
BAJAJ FINSERV ON ALL TIME HIGH !!Fibonacci Retracement point already reached of 9671.25
Seems to be bullish for next month February Series also !!
Entry :- 9930
Stop Loss :- 9880
Target :- 10010
