Important levels for 16/09/2022.
At the end of the day we just witnessed an inside day and unless we break either the high or low of the previous session (Wednesday) we should avoid taking positions.
For tomorrow, longs only above the seller reference zone of 18080-18118 for targets of 18196 and 18224 and shorts only below 17800 for targets of 17694 and previous buyer reference of 17640-17663.
Also if we see a gap up opening again tomorrow, we can short if we face rejection again @ 18080-18114 seller reference area for targets of 17881-17925.
At the end of the day we just witnessed an inside day and unless we break either the high or low of the previous session (Wednesday) we should avoid taking positions.
For tomorrow, longs only above the seller reference zone of 18080-18118 for targets of 18196 and 18224 and shorts only below 17800 for targets of 17694 and previous buyer reference of 17640-17663.
Also if we see a gap up opening again tomorrow, we can short if we face rejection again @ 18080-18114 seller reference area for targets of 17881-17925.
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.