From June 22 to Oct. 23 the pair remained in a triangle. From 16th Oct. 23 the bulls took the charge and took the price to 4k plus level (in 21 weeks). From 11th March 24 to onward the price has again been forming a Triangle.
As per time cycles the price started climbing up from the 70th week. The same 70th week marks the beginning of another triangle which we are experiencing now. As per time cycle the 70th week shall begun from the 17th Feb. 2025. So we need to be vigilant to any bullish move emanating from this week.
The safer entry shall be when the price closes above the recent triangle in that case the TP shall be 6725 and SL is 2110. On weekly chart this is a good risk to reward ratio.
As per time cycles the price started climbing up from the 70th week. The same 70th week marks the beginning of another triangle which we are experiencing now. As per time cycle the 70th week shall begun from the 17th Feb. 2025. So we need to be vigilant to any bullish move emanating from this week.
The safer entry shall be when the price closes above the recent triangle in that case the TP shall be 6725 and SL is 2110. On weekly chart this is a good risk to reward ratio.
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