Bullish indications:
Weekly : indicates IHS formation with the bullish indication.
MA 21 respected as well.
Bearish indications:
Daily :MA 21 respected.
Doji candle and yesterdays closing was respected and fallen .
Formation of head and shoulder pattern.
4 hr: Hanging man candle followed by the bearish candle indicates bearish
Bearish divergence in 4 hr:
Fib level 0.618 is at 2318 which has further room to fall.
Trade plan bias short @ 2413
SL:2450
TP1:2375
TP2:2341
Weekly : indicates IHS formation with the bullish indication.
MA 21 respected as well.
Bearish indications:
Daily :MA 21 respected.
Doji candle and yesterdays closing was respected and fallen .
Formation of head and shoulder pattern.
4 hr: Hanging man candle followed by the bearish candle indicates bearish
Bearish divergence in 4 hr:
Fib level 0.618 is at 2318 which has further room to fall.
Trade plan bias short @ 2413
SL:2450
TP1:2375
TP2:2341
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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.