Fibo gives important levels for the Election rally.
Election rallies can be considered as Bull Rallies on Dope they are extremely fragile at the same time they can break all the resistances in their way like a mad bull in rage. Expecting an extremely volatile day tomorrow. But space to grow on upper side is very limited. The RSI indicating market is close to becoming overbought but an election result which market expects can further the boundaries.
Important Resistance levels: 23338 and 23537.
Important Support levels: 23109, 23058, 22806 and 22559. Tipping point into bear territory will be a closing below 22417.
Important Resistance levels: 23338 and 23537.
Important Support levels: 23109, 23058, 22806 and 22559. Tipping point into bear territory will be a closing below 22417.
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