On 1D Time Frame,
1) took support at 0.5-0.618 fib level.
2) formed inverted head and shoulder and also gave a breakout + retest of neckline.
3) On drawing the Fibonacci tool from last swing high and swing low, we can take 0.5-0.618 fib level as initial target and 1 fib level as the final target. (marked in the chart)
4) Also, taking support of 50 EMA.
SL- 530
Target 1 - 700 approx.
Target 2 - 835.
1) took support at 0.5-0.618 fib level.
2) formed inverted head and shoulder and also gave a breakout + retest of neckline.
3) On drawing the Fibonacci tool from last swing high and swing low, we can take 0.5-0.618 fib level as initial target and 1 fib level as the final target. (marked in the chart)
4) Also, taking support of 50 EMA.
SL- 530
Target 1 - 700 approx.
Target 2 - 835.
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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.