There are two potential scenarios to consider in the current situation.
Since the price has already reached an all-time high (ATH) without any retracement, we can expect a minor pullback to facilitate a re-entry in the long position, with support levels between 2944 and 2930.
If the hourly close is below 2930, it may lead to a more significant drop towards the swing low, which is estimated to be around 2880-2885.
Since the price has already reached an all-time high (ATH) without any retracement, we can expect a minor pullback to facilitate a re-entry in the long position, with support levels between 2944 and 2930.
If the hourly close is below 2930, it may lead to a more significant drop towards the swing low, which is estimated to be around 2880-2885.
Emotion Mein Insaan Hamesha Galati Karta Hai.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
Related publications
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.
Emotion Mein Insaan Hamesha Galati Karta Hai.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
Related publications
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.