In daily time, we are fluctuating between 2064.133 and 1613.620 within a channelized space.
Now, in dealing with the ceiling of this range, we see a negative reaction, inside this canalized space, we see a minor channel, whose floor at 1846.921 can act as a resistance for further reduction, after its failure, we can enter range 1 based on the pivot in the range of 1742 58 overlapped with the second trend line, after that 3 ranges of 1676.24-1630.65-1558.69 can be imagined.
There is no need to touch all the targets.
Now, in dealing with the ceiling of this range, we see a negative reaction, inside this canalized space, we see a minor channel, whose floor at 1846.921 can act as a resistance for further reduction, after its failure, we can enter range 1 based on the pivot in the range of 1742 58 overlapped with the second trend line, after that 3 ranges of 1676.24-1630.65-1558.69 can be imagined.
There is no need to touch all the targets.
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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.