Technical:
Daily ascending trendline
Weekly fib
4hr fib
4hr descending channel
Buy Entry:
Close above 78.6% weekly fib level
Close above 23.6% 4hr fib level
Close above 27,500 breaking LH/LL structure
Break of descending channel
Target - 4hr 61.8% Fib for around 600 points
Sell Entry:
Break of daily ascending trendline
Close back below both fib levels
Target - 4hr -23.6% fib for around 600 points
Daily ascending trendline
Weekly fib
4hr fib
4hr descending channel
Buy Entry:
Close above 78.6% weekly fib level
Close above 23.6% 4hr fib level
Close above 27,500 breaking LH/LL structure
Break of descending channel
Target - 4hr 61.8% Fib for around 600 points
Sell Entry:
Break of daily ascending trendline
Close back below both fib levels
Target - 4hr -23.6% fib for around 600 points
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.