1157 (August 2018 low) to 2075 (August 2020 high)- two year strong bull market made correction around 1676 (March,2021) which is the price in between the 38.2% - 50% Fib retracement level. Last month, price managed to close above 1900 handle and then tested the monthly pivot around 1860 and reversed. Speculative sentiment index is around 40% on an average. Its seems like technicals are indicating the start of an incoming strong bullish trend
Monthly Pivot : 1861
Strategy : Split long positions
Signal : Long @ market price + Pending long positions in between 1861-1890 + One last buy limit position slightly below 1850
Major Support : 1836 & 1811
SSI : 40/60
Monthly Pivot : 1861
Strategy : Split long positions
Signal : Long @ market price + Pending long positions in between 1861-1890 + One last buy limit position slightly below 1850
Major Support : 1836 & 1811
SSI : 40/60
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.