Bullish Indicators:
1) Bounced from the upward trendline
2) Support zone at 76.5
3) Bounce from FIb level 50.00% (76.108)
Bearish Indicators:
1) Resistance from the downward trendline and zone at 78
Plan A: One can buy from here for the target 77.7 or towards the downward trendline
Plan B: On the breaking of ascending trendline one can sell for the target of 76.1 where the major support lies.
1) Bounced from the upward trendline
2) Support zone at 76.5
3) Bounce from FIb level 50.00% (76.108)
Bearish Indicators:
1) Resistance from the downward trendline and zone at 78
Plan A: One can buy from here for the target 77.7 or towards the downward trendline
Plan B: On the breaking of ascending trendline one can sell for the target of 76.1 where the major support lies.
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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.