Higher Time Frame Analysis -
4 HR - Clear channel formed
Major Trendline Broken - In effect from 13 November, 2020
1 HR - 30584 acting as dynamic support
For a gap up opening - Clear no trade zone between 30800-30940, long only above this channel
For a flat opening - 30615-30580 as support, and short below it till the lower end of the 15 min trendline
For gap down opening - Clear no trade zone - 30435-30360, and short below these levels
Bias towards a neutral to negative market due to the breakdown of the 4HR trendline and entering a narrow channel
HAPPY TRADING!
4 HR - Clear channel formed
Major Trendline Broken - In effect from 13 November, 2020
1 HR - 30584 acting as dynamic support
For a gap up opening - Clear no trade zone between 30800-30940, long only above this channel
For a flat opening - 30615-30580 as support, and short below it till the lower end of the 15 min trendline
For gap down opening - Clear no trade zone - 30435-30360, and short below these levels
Bias towards a neutral to negative market due to the breakdown of the 4HR trendline and entering a narrow channel
HAPPY TRADING!
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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.