SMS PHARMA: Ready a for bounce from Fibonacci Golden Zone!
⚡️Price Analysis:
1️⃣ Price testing crucial fibonacci retracement level.
2️⃣ Strong Dz confluence with previous ATH breakout zone
3️⃣ Sharp correction meeting multiple support levels
4️⃣ EMAs providing dynamic resistance above.
✨ Key Observations:
➡️ Multiple technical confluences at the current level
➡️ Expecting good 1:3 RRR w/ 15% SL
➡️ RRR is highly favourable at current levels
➡️ Price structure suggesting a potential reversal
➡️ Volume patterns indicating selling exhaustion
➡️ The pharma sector is showing relative strength.
➡️ Perfect technical setup with multiple confirmations is looking to good.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Share your thoughts on this analysis in the comments below! ✌️
🔥 Happy Trading!✅🚀
1️⃣ Price testing crucial fibonacci retracement level.
2️⃣ Strong Dz confluence with previous ATH breakout zone
3️⃣ Sharp correction meeting multiple support levels
4️⃣ EMAs providing dynamic resistance above.
✨ Key Observations:
➡️ Multiple technical confluences at the current level
➡️ Expecting good 1:3 RRR w/ 15% SL
➡️ RRR is highly favourable at current levels
➡️ Price structure suggesting a potential reversal
➡️ Volume patterns indicating selling exhaustion
➡️ The pharma sector is showing relative strength.
➡️ Perfect technical setup with multiple confirmations is looking to good.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Share your thoughts on this analysis in the comments below! ✌️
🔥 Happy Trading!✅🚀
Transaction en cours
Note
Anubrata Ray ⚡
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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.
Anubrata Ray ⚡
Publications connexes
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.