price was in upstrend following higher high and higher low
on friday price broke the higher low, it was the first sign of trend change
on momday it was like pullback as price made internal (lower time frame higher lows)
but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low
as smart money concept if the pullback has to sustain the price and insitutional will be interested at buying on higher low zone of 38500 or 38380
if price breaks the friday low and forms a lower high
then price might fill the previous gap which is pending at 38150
on friday price broke the higher low, it was the first sign of trend change
on momday it was like pullback as price made internal (lower time frame higher lows)
but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low
as smart money concept if the pullback has to sustain the price and insitutional will be interested at buying on higher low zone of 38500 or 38380
if price breaks the friday low and forms a lower high
then price might fill the previous gap which is pending at 38150
Note
price seems to be strong it has over riden the 0.5 level and heading towards 0.6-0.7 still this level will act as rejection levelsNote
bos was the entry point , price didnt break the level no trade intiated
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.