Hey everyone! 👋
Last week, we explained some of the basics to know when it comes to understanding divergences in the markets. If you haven’t read that post, be sure to check it out here: 👇
In this post, we are going to examine bullish divergence further, along with a few exhibits. Please remember this is an educational post to help everyone better...
Key highlights:
- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Possible volume climax
- Any pullback towards the 39 level can be seen as a buying opportunity
- Retest zone: 44-45
- Strong support: 40
Disclaimer : This is NOT investment...
Rounding bottom is breaking. Above 22 is a buy for the targets 30 and 35. Duration is one and half to 2 years. Consult your financial manager before investing.
