Time to break Rangebound (2920-2940)
Market is still in a Risingchannel however its been in rangebound on 2920-2940 and im expecting a bullish move again towards 2965 if all the technical conditions are applied.
What possible scenario we have?
▪️ Market closed above 2930 its mean still gap of bullish towards 2963.once 2942 break then we'll see 2963.
We have possible buy entries at 2930 because it shows a strong rejection zone and the last 2920 is re-buy zone if technical conditions are applied.
▪️Secondly if H4 Candle close below
2920 then we will have 2890 on mark
What possible scenario we have?
▪️ Market closed above 2930 its mean still gap of bullish towards 2963.once 2942 break then we'll see 2963.
We have possible buy entries at 2930 because it shows a strong rejection zone and the last 2920 is re-buy zone if technical conditions are applied.
▪️Secondly if H4 Candle close below
2920 then we will have 2890 on mark
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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.