I am looking for long opportunity It has formed TRIANGLE pattern wait for the breakout Market is bull run
market is in uptrend Opened gap up and retested previous Swing as support W pattern is there in Small time frame .23 fibo support level Buy above 35250 level on index
look at the chart everything is mentioned support zone bullish trending market
fibo rejection from top rising wedge pattern previous gap will act as resistance
.23 fibo rejection rising wedge pattern previous gap resistance
36500 will be very crucial this is support zone it cant beak it at once look for W pattern on short time frame falling wedge pattern has high probability og going up
got breakdown shorted made money hurrah hope you all like the concept
.5 fibo retracement done bear flag pattern short below the trend line look for Long opportunity only if it sustains above 37100
look for long opportunity .5 fibo support previous breakout zone will act as support falling wedge pattern may give breakout above side
look for buying opportunity near17530 there is support near this zone Also, fibo .5 level the trend line will get broken above side Small SL Multiple Confirmation
see for shorting opportunity once it breaks the rising wedge pattern. Resistance is there and BN is contracting in a narrow range. It may give a breakdown.
1) resistance zone is there 2) retest of resistance has been done 3) .5 retracement has been done 4) triangle pattern formation is there WAIT FOR THE BREAKDOWN OF THE TRIANGLE PATTERN IT CAN GO DOWN TO 38900 TO 38830