Happiest Mind 61.8% Fibonacci Positional Trade
Fibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action.
This retracement level is most likely to generate a reversal price move.
Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022.
Currently, it is retesting the same support area and there is a probability that it might bounce from here again.
Considering the good risk-reward ratio, there is a good positional trade opportunity here.
If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
This retracement level is most likely to generate a reversal price move.
Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022.
Currently, it is retesting the same support area and there is a probability that it might bounce from here again.
Considering the good risk-reward ratio, there is a good positional trade opportunity here.
If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
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.