4/21 @ 7:38 pm EST 1. Beach Levels M 7/8 17500 W 6/8 17500 D 3/8 17187.5 4H 2/8 17187.5 1H 2/8 17187.5 M30 3/8 17109.4
2. Waves Day: OS Selling 4H: OS Selling 1H: OS Buying M30: OB Buying; O OS Buying
3. Channels M- Bullish; Near top W- Bullish; Middle D- Bullish; B/o downside w r/t 4H- Bearish; Bottom 1H- Bearish; Bottom M30- Bearish; Middle heading to top
4. Fib Day Buy Zone 50 @ 16240.7 61.8 @ 15738.9 4H Buy Zone 50 @ 17366.6 61.8 @17103.3-> 17138 CMP Watch to see if price buys here or retraces to 4H Demand or Day Buy Zone. 1H Sell Zone 50 @ 17684.8 61.8 @ 17839.1 M30 Sell Zone 50 @ 17372.6 61.8 @ 17432.1
Looking for price to retrace with the waves being so OS. Wait for price to break out of M30 channel to the upside or above 17187.5. Look for buys to @17343.8 @17421.9 @17500. If price breaks out of 1H channel to the upside or above 17578, then price could buy up higher to 17675 or 17812.5 (1H sell zone area).
If price breaks below major zone at 16985.5, look for sells down to @16875 @16718.8 @16562.5.
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
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