Getting weak on daily chart,
Weekly chart trend still intact, last week candle did hit the trend line but got supported and close above that.
Compare with earlier swing fibb retracement show its current at 0.382 lvl of.
Using daily weakness to accumulate if it holds 228 price level.
sell tgt 181
SL close above 200,
All prices on closing basis
Price action suggests selling pressure (red zone, supply zone) at higher levels , so price has consistently refused to close above 200. Also the gap needs to be filled before start of a next upmove.
Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views...
It is been observed on daily and weekly chart that the price action is trending up and moving up at a high streaming pace. Now, It shall further reach to the next resistance levels at 150-152 levels.
It is been observed that there are two pattern formation breakout held on hourly chart, symmetrical triangle and Channel Breakout. Where the price action respected the breakout. Now, the price action breaks out from a upward channel breakout indicating further weakness. Targets are measured as per the channel and by also considering previous support levels on...