confusing area , personally i'll wait either break the trend or exceed it to take long or put
it seems like it's on it's fourth wave and there is a nice rally going to happen but it might be a bearish trap and all this move from 15,200 to almost 18,000 is just a rebound (wave B) for more worst correction .(wave C).
So my suggestion is wait until it confirm the move
support 17,150 any close in or below this point would be a confirmation to a bearish move heading below 15000 with a stop to re load at 16,255 .
resistance 17,979 any close near to this area go long 19,333 with a stop to re load at 18,500
All Best
it seems like it's on it's fourth wave and there is a nice rally going to happen but it might be a bearish trap and all this move from 15,200 to almost 18,000 is just a rebound (wave B) for more worst correction .(wave C).
So my suggestion is wait until it confirm the move
support 17,150 any close in or below this point would be a confirmation to a bearish move heading below 15000 with a stop to re load at 16,255 .
resistance 17,979 any close near to this area go long 19,333 with a stop to re load at 18,500
All Best
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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.