Aug10 - FKLI (1D) - Failing Major UTL, Potential Test S@150x-2x

Failing to stay above:
1) Major UTL carrying rally from 12xx COVID-lows
2) Unable to stand above 158x-160x immediate resistance zone
These will lead to further correction. ๐ป๐ป
near term target: S@~150x-2x, daily ema100
Refer back prev FKLI post for multiple horizontal support zone;
also, not to forget mid-term major correction back to 140x which is still in progress ๐๐ป๐๐ป
Happy Hunting! ๐๐
-JK- MyTradingSpace
1) Major UTL carrying rally from 12xx COVID-lows
2) Unable to stand above 158x-160x immediate resistance zone
These will lead to further correction. ๐ป๐ป
near term target: S@~150x-2x, daily ema100
Refer back prev FKLI post for multiple horizontal support zone;
also, not to forget mid-term major correction back to 140x which is still in progress ๐๐ป๐๐ป
Happy Hunting! ๐๐
-JK- MyTradingSpace
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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.