If It retest and goes below 43775 and just retest we do have a solid sell entry.
Tp 43550 - 43575.
ST 43850
It gives us a good trade With RR of 3:1
Do not risk more than 1% of account.
Key Observations:
Downtrend and Fibonacci Retracement:
The chart is in a clear downtrend, indicated by lower highs and lower lows.
A Fibonacci retracement tool is applied to the recent downtrend. The price appears to have retraced to the 50% level (44,062.63) and faced resistance, failing to break above the 61.8% level (44,299.10).
Bollinger Bands:
The price is...
Key Observations:
1. Fibonacci Levels:
- The chart displays a Fibonacci retracement with key levels:
- 0.5 (44,065) and 0.382 (43,828) are critical short-term support levels.
- The 0.618 level (44,302) appears to act as resistance.
2. Bollinger Bands:
- The price is near the lower Bollinger Band, which often suggests oversold conditions. However,...
here are some observations and insights:
Market Context
1. 4-Hour Chart:
- The price has been in a downtrend recently, forming lower highs and lower lows.
- Key support levels are visible near 43,710 and 43,350.
- The RSI (Relative Strength Index) is heading towards the oversold zone, which could indicate potential buying interest soon.
2. 1-Hour...
Key Levels of Interest
Support and Resistance:
- Support Zone:
- Strong support is around 44,582, marked as a significant horizontal zone where the price has bounced before.
- Resistance Zone:
- Resistance lies around 44,950–45,102. This is a cluster of higher Fibonacci retracement levels (78.6% and 100%) where price previously reversed.
Fibonacci...
Trend:
The chart shows a bullish channel forming after breaking out from a prior consolidation zone.
The price is currently testing the lower boundary of the channel.
Key Fibonacci Levels:
The price is reacting near the 61.8% Fibonacci retracement level (44,888), which is a critical support zone.
Further downside could test 44,782 (50% Fib).
RSI:
The RSI is...
