There are 3 phases technical of line drawn. The price is bouncing number of times at those lines. The 2 phases of line are very closer to current price where can react as reversal in price.
1-Phase Horizontal-line at 18364: Currently, the price is already reacted at this phase.
2-Phase Horizontal-line at 18174: This phase more important for reversal setup and, price already bounced 4 times.
3-Phase Horizontal-line 16855: My most of setups was created at this phase which has surged my portfolio. You can visit below URL wherein I had traded.
This is really very simple analysis but, useful for me!
1-Phase Horizontal-line at 18364: Currently, the price is already reacted at this phase.
2-Phase Horizontal-line at 18174: This phase more important for reversal setup and, price already bounced 4 times.
3-Phase Horizontal-line 16855: My most of setups was created at this phase which has surged my portfolio. You can visit below URL wherein I had traded.
This is really very simple analysis but, useful for me!
Note
However, by the looking ((a)), ((b)) and ((c)) project has been almost completed as per fib. retracement but, herein door is open downside move if price take resistance as 18566 nearby.
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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.