Here I drew golden zones using different highs and lows.
Two of which are fresh zones where price can possibly bounce up (since current sentiment is Bullish).
Also, ever since the bullish breakout on Friday, we saw 2 Major Highs - around 1661.47 and around 1673.15,
so I marked a trendline (upper part of channel) and duplicate it to make a lower part of channel and as guide.
I could be wrong with the lower channel coz we do not know if it will create a parallel one or will see a wedge type just like in the past weeks.
We will observe more.
For reversal trading, always consider divergence, QM pattern, and candlestick rejection as price hits Order Blocks, Supply/Demand Levels, and Fib levels
before considering opening a trade.
Disclaimer: these are just ideas and not a financial advise.
Two of which are fresh zones where price can possibly bounce up (since current sentiment is Bullish).
Also, ever since the bullish breakout on Friday, we saw 2 Major Highs - around 1661.47 and around 1673.15,
so I marked a trendline (upper part of channel) and duplicate it to make a lower part of channel and as guide.
I could be wrong with the lower channel coz we do not know if it will create a parallel one or will see a wedge type just like in the past weeks.
We will observe more.
For reversal trading, always consider divergence, QM pattern, and candlestick rejection as price hits Order Blocks, Supply/Demand Levels, and Fib levels
before considering opening a trade.
Disclaimer: these are just ideas and not a financial advise.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。