BANK NIFTY INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 46700
SL - 46560
TARGETS - 46900,47080,47200
SELL BELOW - 46450
SL - 46560
TARGETS - 46300,46450,46300
NO TRADE ZONE - 46560 to 46700
Previous Day High - 46700
Previous Day Low - 46300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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Levelslong
ETHUSDT is creating a descending channel
The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart.
The price got rejections from the 3k resistance, it's a key level.
On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are.
How to approach?
For a bullish scenario, I'd like to see a clear breakout from the dynamic resistance and daily resistance on 3k.
Otherwise, if the price is going to lose the weekly support and retest the support as new resistance we could see a new short impulse. Next valid support is 2k –––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
GOLD TO 1760Just saw the impact of FOMC Minutes on the trade. This trade still appears valid. Was taken out in Tiny Stop Profit but got the opportunity to re-enter at 1788 and back in risk-free trade. Watching this closely as I expect XAU to retest daily support @ $1770.
Let's see how this plays out.
Happy trading
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