Might the 200-week simple moving average act as major support?
A price action above 25500 supports a bullish trend direction.
Further bullish confirmation for a break above 26500.
The target price is set at 27800 (its 78.6% Fibonacci retracement level).
The stop-loss is set at 24300 (its 23.6% Fibonacci retracement level).
Fading downside momentum supports the trade idea.
A price action above 25500 supports a bullish trend direction.
Further bullish confirmation for a break above 26500.
The target price is set at 27800 (its 78.6% Fibonacci retracement level).
The stop-loss is set at 24300 (its 23.6% Fibonacci retracement level).
Fading downside momentum supports the trade idea.
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.
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.