I took a Buy position at 99570.56 as I noticed a morning star pattern being formed on the 4hour timeframe I’m looking to swing trade this to about 117,030.11 This aligns with my Fibonacci tool which gives me more confidence in this Trade. As you can see I have a solid bounce of the demand zone which is a 1 hour demand zone and it’s backed by monthly weekly and daily bullish momentum.
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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.