1. **Reversal and No Trading Zone (44718 to 44870):** Indicates a potential reversal area, advising caution and refraining from trading within this range.
2. **Longs Profit Booking Zone (45125 to 45230):** Suggests an area where traders who are long may consider booking profits.
3. **Institutions Zone (45444 to 45600):** Identifies a zone where institutional activity is expected, implying significant market influence.
4. **Tough Resistance After Rally (46144 to 46280):** Highlights a challenging resistance zone likely to be encountered after a market rally.
The analysis suggests using a breakout strategy and mentions short zones marked on the chart. Additionally, it proposes trailing stop-loss via a 9 EMA (Exponential Moving Average) above the Institutions Zone, emphasizing risk management.
2. **Longs Profit Booking Zone (45125 to 45230):** Suggests an area where traders who are long may consider booking profits.
3. **Institutions Zone (45444 to 45600):** Identifies a zone where institutional activity is expected, implying significant market influence.
4. **Tough Resistance After Rally (46144 to 46280):** Highlights a challenging resistance zone likely to be encountered after a market rally.
The analysis suggests using a breakout strategy and mentions short zones marked on the chart. Additionally, it proposes trailing stop-loss via a 9 EMA (Exponential Moving Average) above the Institutions Zone, emphasizing risk management.
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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.