Market Analysis: Nifty 50 Price ActionThe NSE:NIFTY is currently exhibiting a tug-of-war between key levels, retracing from a previous selloff zone that acted as resistance. Notably, it found support at a previous supply turned demand zone. These zones have defined the market's boundaries in today's session, with price movements constrained within them.
For the past three sessions, the index has shown signs of consolidation, reflecting indecision among market participants. A breakout above the resistance zone could signal a continuation of the uptrend in NSE:NIFTY , while a breakdown below the demand zone may suggest a reversal or further bearish sentiment.
Key Scenarios for Tomorrow:
Breakout Scenario: A sustained move above the selloff zone could trigger bullish momentum, attracting fresh buying interest and potentially setting higher targets.
Breakdown Scenario: If the demand zone is broken, it may open doors for further downside, with the next support levels coming into focus.
Continued Consolidation: The market may remain range-bound as it digests prior moves, awaiting clearer cues from global or domestic events.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial advice. Market conditions are subject to change, and you should consult with a certified financial advisor or conduct your research before making investment decisions. Past performance is not indicative of future results. Trade responsibly.
Niftyoptions
12th Dec 2024 - An calm week after a violent expiry on 5thNifty Nifty Stance Neutral ➡
After last week's rout, I had gone long on the index. Now when I look back, it was a poor decision to make. The reasons for going long was mostly because of the price action on the 5th of December when we had that humungous rally.
This week we had an unusual flat price action with no real movement whatsoever. I read somewhere that the regulators are really concerned and may investigate the previous week's expiry.
Coming back to business, this week we dropped 163pts ~ 0.66%. The week's low was hit on the 10th of Dec, and I sincerely hoped we may get a fall yesterday and today. On the 11th we rose a bit and today we fell a bit and overall the week was flattish.
Looking at the options premiums for the next week, I do not see any major directional movements and hence I am going into a neutral stance. The moment a directional bias appears, I will notify you via the TradingView minds section. I will also publish my directional option strategy as well.
Nifty Trading Strategy for 10th December 2024Nifty Analysis
Key Levels:
Buy Above: 24,660
Sell Below: 24,580
Scalping Strategy:
Buy Signal : Enter a buy position above the high of the candle which closes above 24,660.
Sell Signal: Enter a sell position below the low of the candle which closes below 24,580.
Time Frames:
Preferred Time Frame: 15-minute chart for better clarity and precision.
Scalping Time Frames: 3-minute or 5-minute intervals for quick trades.
Steps for Scalping:
Monitor the 15-minute chart: Look for candles closing above 24,660 to initiate a buy position.
Set Stop-Loss: Place a stop-loss just below the low of the candle that closes above 24,660.
Monitor the 15-minute chart: Look for candles closing below 24,580 to initiate a sell position.
Set Stop-Loss: Place a stop-loss just above the high of the candle that closes below 24,580.
Scalping: Use 3-minute or 5-minute charts to enter and exit trades quickly based on the signals from the 15-minute chart.
Additional Tips:
Stay Updated: Keep an eye on market news and events that might impact Nifty.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Practice Patience: Wait for clear signals before entering a trade to avoid false moves.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Nifty Trading Levels for 09th December 2024Nifty Trading Levels
Buy Setup
Entry: If the 15-minute candle closes above 24,730, place a buy order above the high of the candle.
Targets:
24,850
24,950
25,030
Stop Loss: Below the low of the breakout candle.
Sell Setup
Entry: If the 15-minute candle closes below 24,570, place a sell order below the low of the candle.
Target: 24,268
Stop Loss: Above the high of the breakdown candle.
Disclaimer
The above levels are shared for educational purposes only and should not be considered as financial advice.
I am not a SEBI-registered analyst. Please consult a certified financial advisor or conduct your own analysis before making any trading decisions.
Trading in the stock market involves risk; trade responsibly.
NIFTY50: INSTITUTIONAL LEVELS FOR 06/12/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Nifty Trading Strategy for 5th December 2024Trading Strategy for Nifty:
Buy Strategy:
Entry Point: Enter a long position (buy) above the high of the candle that closes above 24585 on a 15-minute timeframe. This means if a 15-minute candle closes above 24585, you will buy once the price exceeds the high of that candle.
Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 24550, you might set your stop loss at 24540 to protect your capital.
Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you're risking 45 points (24585 to 24540), aim for a reward of at least 90 points (e.g., a target of 24675).
Sell Strategy:
Entry Point: Enter a short position (sell) below the low of the candle that closes below 24332 on a 15-minute timeframe. This means if a 15-minute candle closes below 24332, you will sell once the price drops below the low of that candle.
Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 24370, you might set your stop loss at 24380 to mitigate risk.
Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you're risking 38 points (24332 to 24370), aim for a reward of at least 76 points (e.g., a target of 24256).
Risk Management:
Use Stop Losses: Always use stop losses to protect your capital and limit potential losses.
Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade.
Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information.
Market Context:
Economic Indicators: Pay attention to key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty.
Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility.
Disclaimer:
Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered.
Trade wisely and stay informed! 📈💼
NIFTY: INSTITUTIONAL LEVELS FOR 04/12/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Nifty Trading Strategy for 04th December 2024Trading Strategy:
Buy Strategy:
Entry Point: Enter a long position (buy) above the high of the candle that closes above 24512 on a 15-minute timeframe. This means if a candle on the 15-minute chart closes above 24512, you will buy once the price exceeds the high of that candle.
Stop Loss: Set a stop loss below the low of the breakout candle or a significant support level to manage risk. For instance, if the breakout candle has a low of 24450, you might set your stop loss slightly below this level to protect your capital.
Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you risk 50 points (from 24512 to 24462), aim for a reward of at least 100 points (e.g., a target of 24612).
Sell Strategy:
Entry Point: Enter a short position (sell) below the low of the candle that closes below 24346 on a 15-minute timeframe. This means if a candle on the 15-minute chart closes below 24346, you will sell once the price drops below the low of that candle.
Stop Loss: Set a stop loss above the high of the breakdown candle or a significant resistance level. For example, if the breakdown candle has a high of 24400, you might set your stop loss slightly above this level to mitigate risk.
Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you risk 50 points (from 24346 to 24396), aim for a reward of at least 100 points (e.g., a target of 24246).
Risk Management:
Use Stop Losses: Always use stop losses to protect your capital and limit potential losses.
Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade.
Regularly Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information.
Market Context:
Economic Indicators: Keep an eye on key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty.
Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility.
Disclaimer:
Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author . Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered.
Trade wisely and stay informed! 📈💼
Nifty Intraday Levels | 3-DEC-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏 FOLLOW for more content!
👍 LIKE if you found it useful!
✍️ COMMENT below with your thoughts and feedback
Nifty Trading Strategy for 03rd December 2024Nifty Trading Strategy
Buy Strategy:
Condition: Look for the price of Nifty to close above 24306 on a 15-minute candle.
Entry Point: Identify the high of the candle that closes above 24306.
Action: Place a buy order above this high once the 15-minute candle has closed above 24306. This confirms that the market is trending upward and you’re looking to ride the momentum.
Sell Strategy:
Condition: Look for the price of Nifty to close below 24120 on a 15-minute candle.
Entry Point: Identify the low of the candle that closes below 24120.
Action: Place a sell order below this low once the 15-minute candle has closed below 24120. This confirms a downward trend, signaling a bearish market.
Current Price: The current price of Nifty is 24276.
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions. I am not SEBI registered.
NIFTY50: INSTITUTIONAL LEVELS FOR 02/12/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries: Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations: Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus: Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Color Coded Lines:Blue Line: Signals potential long entry.
Red Line: Indicates potential short entry.
Tip: Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades: Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades: Use the blue line above as the stop loss.
Take Profit:
Long Entries:Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries:Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Nifty Trading Strategy for 02nd December 2024Nifty Trading Strategy
"When the gap between S3 and R3 is narrow, the market tends to show a strong trend, either upward or downward."
Buy Signal:
Initiate a buy position above the high of the 15-minute candle that closes above 24225.
This indicates a potential upward trend and a good entry point for long positions.
Sell Signal:
Initiate a sell position below the low of the 15-minute candle that closes below 24060.
This indicates a potential downward trend and a good entry point for short positions.
Support Levels:
23897: This is a crucial support level. If the price falls to this level, it might experience a rebound.
23440: Another significant support level where the price might find strong buying interest.
Resistance Level:
24300: This is a crucial resistance level. If the price approaches this level, it might face selling pressure.
Disclaimer: Trading in financial markets involves a significant amount of risk and can result in substantial losses. The information provided is for educational purposes only and should not be considered as financial advice. Past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Additionally, please note that I am not SEBI registered.
Nifty Trading Strategy for 29th November 2024Nifty Trading Strategy
Current Level: Nifty at 23914
Long Position: Above the high of the 15-minute candle that closes above 24055
Short Position: Below the low of the 15-minute candle that closes below 23780
Support Levels: 23650, 23500
Resistance Levels: 24150, 24230
Disclaimer: I am not SEBI registered. Please consult with a certified financial advisor before making any trading decisions.
Nifty Trading Strategy for 28th November 2024Trade Strategy for Nifty
Current Market Condition: Nifty has been consolidating for the last three days. A breakout on either side is expected to result in a movement of 300 points.
Buy: Enter a long position when the price moves above 24260 on a 15-minute candle close.
Sell: Enter a short position when the price drops below 24120 on a 15-minute candle close.
Current Price: 24275
Support and Resistance Levels
Support Levels:
24120: This is the first line of defense where the price might find support and potentially reverse upwards.
24000: If the price falls below 24120, 24000 acts as the next significant support level.
23500: This is a major psychological level that could provide strong support.
Resistance Levels:
24260: The initial barrier where the price might encounter resistance and potentially reverse downwards.
24500: If the price breaks above 24260, 24500 becomes the next key resistance level.
25000: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Please note that I am not a SEBI-registered advisor. Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
Nifty Intraday Levels | 28-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏 FOLLOW for more content!
👍 LIKE if you found it useful!
✍️ COMMENT below with your thoughts and feedback
Nifty Intraday Levels | 26-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏 FOLLOW for more content!
👍 LIKE if you found it useful!
✍️ COMMENT below with your thoughts and feedback
Nifty Trading Strategy for 25th November 2024Nifty Trading Analysis & Key Levels .
Current Value: The Nifty index closed at 23,907, indicating a strong bullish tone in the market during the last trading session.
Key Levels to Watch:
Buy Zone: Consider initiating long positions if the Nifty moves above 24,070, confirmed by a 15-minute candle close. This level may trigger further upward momentum as buyers dominate the market.
Sell Zone: Look for opportunities to short if the Nifty falls below 24,742, confirmed by a 15-minute candle close. A breach of this level could signal bearish sentiment returning to the market.
Nearest Resistance Levels:
24,225: This is the first major hurdle for the index on the upside. A strong breakout above this level could pave the way for further gains.
24,325: The next resistance level where selling pressure may emerge. Watch for price action around this level to assess market strength.
Nearest Support Level:
24,600: This level acts as immediate support, and any move below it could signal a reversal in the current bullish sentiment. Traders should remain cautious if the index approaches this level.
Market Sentiment:
The market closed on a bullish note, suggesting a positive sentiment among traders. However, upcoming economic data, global market cues, or other news events could impact the trend. Monitor developments closely to adjust your trading strategy accordingly.
Disclaimer:
I am Not SEBI Registered advisor. The information provided above is intended for educational purposes only and should not be considered as financial or investment advice. Trading in the stock market involves substantial risk, including the loss of your capital. Always perform your own research and consult with a certified financial advisor before making any trading decisions. Past performance is not indicative of future results.
21st Nov 2024 - Week ended as per plan, but did not make moneyNifty Stance Bearish ️⬇️
Remember my last week's position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up.
My stance is still bearish, thought will get into fresh positions tomorrow and not today as there was clouded news & events today. For starters, Adani was indicted by New York Court and that sent the ADANIENT crashing -22.61%.
Let us give a day or two for the news to settle and then we can take a positional bias, as it stands there could be a minor recovery to Adani stocks tomorrow and a possible short covering. In the grand scheme of things, Nifty continues its downward trajectory hitting a new session low of 22263.
22781 is my nearest strong support and I sincerely hope we go there by the next week. The Total correction from the ATH is close to 12% now and the SIP'ers who started 2 years back in Nifty index fund may be back to zero returns. A further fall of 3% may put them underwater and that would be the right time to see if they panic sell or not. I am quite sure that these last-stage investors may not have seen a bear market in their life and would have committed their every penny to this mad bull run, which just ran out of fuel.
Nifty Trading Levels for 21st November 2024Trading Strategy and Market Analysis
Current Price: 23,518
This analysis provides a clear trading strategy with multiple levels of support and resistance, helping traders make informed decisions. The following targets are based on technical analysis, assuming no significant market-impacting news.
Buy Strategy
Trigger Point: Enter a buy position above 23,590.
Targets:
Target 1: 23,750 – First level of profit booking, aligns with short-term resistance.
Target 2: 23,880 – Higher resistance zone, suitable for extended trades if momentum sustains.
Stop Loss: Place a stop loss around 23,500 to limit downside risk.
Sell Strategy
Trigger Point: Enter a sell position below 23,383.
Targets:
Target 1: 23,298 – Immediate downside support and potential bounce level.
Target 2: 23,200 – A significant support zone, indicating possible bearish strength.
Stop Loss: Place a stop loss around 23,450 to cap losses on unexpected reversals.
Detailed Support and Resistance Levels
Resistance Levels (Price levels likely to act as ceilings, limiting upward movement):
R1: 23,590 – Immediate resistance; crossing this could indicate bullish momentum.
R2: 23,750 – Strong short-term resistance and a likely profit booking zone.
R3: 23,880 – Major resistance zone; surpassing this level could signal a breakout rally.
Support Levels (Price levels likely to act as floors, limiting downward movement):
S1: 23,383 – Immediate support; breaking this could lead to further downside.
S2: 23,298 – Key short-term support level, potential for a bounce.
S3: 23,200 – Strong support zone; if breached, it could indicate significant bearish sentiment.
Market Outlook
Bullish Scenario: If the price breaks and sustains above 23,590, we may see a move toward higher targets, driven by positive market sentiment.
Bearish Scenario: A breakdown below 23,383 could indicate bearish strength, with the price potentially testing lower support levels.
Disclaimer
I am not SEBI Registered. This analysis is provided for informational and educational purposes only. Trading in financial markets involves substantial risks, including the risk of losing capital. Readers should perform their own due diligence or consult a financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred as a result of using this information.
Note for Traders
Ensure that you:
Monitor Market Sentiment: Stay updated with news and economic events that might impact market movements.
Stick to Risk Management: Use appropriate position sizing and set stop losses to limit potential losses.
Use Indicators: Combine these levels with technical indicators like RSI, MACD, or Moving Averages for better confirmation.
Happy trading! 😊