https://tradingview.sweetlogin.com/x/7Scek2Fl/
Entry-Bull
Supporting points
1. Two times bullish divergence
2. Two times Double bottom in Divergence candles
3. Doji created after bullish divergence
4. Price rejected from 0.382 Fibonacci level
5. Revered from strong support zone
6. Formed proper structure
7. Rejection from strong order block
8. Confluence point- Price has taken double bottom, Support
rejection and order block at same level
Concerns
1. Price is almost at resistance
2. Forming Higher Lows
Entry points
After Doji breakout and 21 EMA cross over
Summary:
Confluence points are more but only concern of entry is due to resistance level.
If downward pattern breaks, then Huge potential of more than 12% target
Buy:Above 2550
Target 01: 2650
Target 02: 2884
Entry-Bull
Supporting points
1. Two times bullish divergence
2. Two times Double bottom in Divergence candles
3. Doji created after bullish divergence
4. Price rejected from 0.382 Fibonacci level
5. Revered from strong support zone
6. Formed proper structure
7. Rejection from strong order block
8. Confluence point- Price has taken double bottom, Support
rejection and order block at same level
Concerns
1. Price is almost at resistance
2. Forming Higher Lows
Entry points
After Doji breakout and 21 EMA cross over
Summary:
Confluence points are more but only concern of entry is due to resistance level.
If downward pattern breaks, then Huge potential of more than 12% target
Buy:Above 2550
Target 01: 2650
Target 02: 2884
Trade closed: stop reached
Stop Loss Reached
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.