Daily Chart Observations
Point no.1-Resistance–
1) Previous swing high resistance.
2) Trend line resistance.
Point no.2-Support-previous swing low support. Now the price has broken the support area.
Point no.3-Rounding Bottom Pattern– Bearish Pattern
Point no.4- Double top Chart Pattern – Two tops at the resistance area.
Point no.5-Breakdown–
1) Price breaks the...
Point no.1 - Suppor t– Look at the downward sloping blue line is acting as a support. 3 times the price reverse price from this area indicates strong support.
Point no.2 - Resistanc e-Look at the downward sloping red line is acting as a resistance. Now the price is facing the resistance. Before that 2 times the price reverse from this area.
point no.3 - Channel...
Daily Chart Observation
Point no.1-Resistance– Previous swing high resistance. 3 times, price reverse from this area.
Point no.2- Support– Previous swing low support area. 2 times, price bounce back from this area.
Point no.3- Rectangle Chart Pattern.– Price is trading in the range formed the rectangle pattern.
Conclusion
From the above chart, it is clearly...
