Bullish points
1. Bullish engulfing
2. Fib 0.382 retracement
3. strong support bounce
Bears point
1. Lower low & Lower high
2. strong resistance at 55805
Plan A
Buy above 56107
Stop loss 55290
Plan B
Short If break support zone 52652
1. Bullish engulfing
2. Fib 0.382 retracement
3. strong support bounce
Bears point
1. Lower low & Lower high
2. strong resistance at 55805
Plan A
Buy above 56107
Stop loss 55290
Plan B
Short If break support zone 52652
Note
Plan A executed perfectly. Now trend resistance playing as support again I am with buying here with stop loss 55830.
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.
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.