1) Form a box, from the wave starting emcompassing bodies
2) Since none of the BoxBO are yet complete
3) Start the point low candle where CCI34 crosses above
-100 till current High with Fibonacci Extension Tool
4) Tool will give you the targets 117.45/128.45/146.30
5) For duration count the candles from CCI crossing > -100 will CCI>100
Here 27 candles acumulation...
1. ITI is looking good at CMP number of demand zones but I am interested in DZ 1 and DZ 3
2. Demand Zone 1 why I am interested in the zone because of Gap up of 4th of April,
ITI may fill the Gap and rally
3. Demand Zone 2 is Weak zone is not fresh it has tested once so will avoid entering into DZ 2
4. Demand Zone 3 is the strongest Zone I will blindly Place...
symmetrical triangle formation going on in daily and weekly
volatility decreasing and BB is squeezing, breakout to be followed soon.
since it was in an strong uptrend, upside breakout expected here.
safe traders should wait for breakout. Risky traders may enter with a sl - 91.