Checkout my previous idea in which I predicted the support lines and it played out perfectly.
Yellow lines are weak supports, but RED ones are massive.
we have a reverse head and shoulders pattern with the neckline at 49500
TP 1 : 50500
TP 2 : 51500
TP 3 : 52500
TP 4 : 55000
TP 5 : 57000
SL : 47950 (just bellow 48000) / 4 hour candle close below 48000
Yellow lines are weak supports, but RED ones are massive.
we have a reverse head and shoulders pattern with the neckline at 49500
TP 1 : 50500
TP 2 : 51500
TP 3 : 52500
TP 4 : 55000
TP 5 : 57000
SL : 47950 (just bellow 48000) / 4 hour candle close below 48000
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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.
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.