Two critical resistances which will act as new supports are labeled in green.
Critical Resistance Levels:
8750
7500
Buy Zone:
9000 -> 7600
Indicators to watch:
MACD / RSI: wait for these to reach lower levels as it did for A and C correction
Critical Resistance Levels:
8750
7500
Buy Zone:
9000 -> 7600
Indicators to watch:
MACD / RSI: wait for these to reach lower levels as it did for A and C correction
Note
RSI is approaching critical oversold zone on 5 min chart.I have laddered in at 8500 support and will continue to do so if 7600 level is reached.
Currently expecting a double bottom at 8200 range.
Note
Bottom found at 8000.Must break 10.2-10.3k range in order to break DOWNWARDS channel.
Will take profit near that zone and re-buy in if it fails the breakout.
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.