Modern technical analysis is different from Classical technical analysis in the sense that
- historical price action is not taken into consideration , rely on more recent price action .
- Trendlines , pivot points are dynamic and keep changing with new price action
- You learn to time markets and not dicsuss charts after action has taken place .
All analysis I share will help you time markets before hand and not take moves after price action has already happened
This chart is valid till magnet prices are reached and till we have more new pivot points for a fresh look .
To keep it simple :-
Break out over 11,000 levels will take us to 13,000 levels
Very high chances of that as we have a DOWN CLOSE near to trend line break and Demarker is OVERSOLD.
All I am watching now is for the Supply trendline to be broken in the next candle which will act as a trigger .
Entry 11,000
Stop @ 10 ,000
TP 13,000
Long term view --Market is sideways till MAGNET PRICE is reached .
0.618 & 0.382 resistance arcs will act as resistance zones .
NOTHING IS FINANCIAL ADVICE .DONT RISK MORE THAN YOU CAN LOSE.
- historical price action is not taken into consideration , rely on more recent price action .
- Trendlines , pivot points are dynamic and keep changing with new price action
- You learn to time markets and not dicsuss charts after action has taken place .
All analysis I share will help you time markets before hand and not take moves after price action has already happened
This chart is valid till magnet prices are reached and till we have more new pivot points for a fresh look .
To keep it simple :-
Break out over 11,000 levels will take us to 13,000 levels
Very high chances of that as we have a DOWN CLOSE near to trend line break and Demarker is OVERSOLD.
All I am watching now is for the Supply trendline to be broken in the next candle which will act as a trigger .
Entry 11,000
Stop @ 10 ,000
TP 13,000
Long term view --Market is sideways till MAGNET PRICE is reached .
0.618 & 0.382 resistance arcs will act as resistance zones .
NOTHING IS FINANCIAL ADVICE .DONT RISK MORE THAN YOU CAN LOSE.
Note
Trend line broke on 28 July @10672 and price is moving towards 0.618 resistance arcNote
Apologies 9400 , revised target is 11,400 in the new scenario
Hi Please ask access to my invite only script . Use the link below cryptanteg.gumroad.com/l/tdmmdu
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hi Please ask access to my invite only script . Use the link below cryptanteg.gumroad.com/l/tdmmdu
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.