TECHNICAL ANALYSIS [PRO] — Supply Zone, an institutional selling range As you can see from the P2P INDi, we have Price Action (PA) moving upward from Support towards Resistance, but only after it retraces from the Supply Zone(s) formed on the 3D/5H/50m, respectively. ~46760 (35m) ~45815 (5H) ~45525 (3D)
TECHNICAL ANALYSIS [NOVICE] — Oscillators @ NEUTRAL Oscillators measure momentum, and when an oscillator is NEUTRAL, the security is neither overbought nor oversold. This measurement can be a signal that the security is in a period of consolidation or a potential reversal in the trend.
— Moving Averages @ STRONG BUY A STRONG BUY signal on a moving average means that the price of the security has crossed above a moving average and is likely to continue to rise. This indication is usually seen as a sign of strength in the trend and can be an excellent signal to buy the security or continue to hold your long position.
SUMMARY @ BUY In this case, PA reflects consolidation, as the Moving Averages indicate a STRONG BUY signal.
⚠️ I'm holding my long positions, in anticipating of PA pulling back to 28450 (3D) for another buying opportunity.
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