Hello, I am back again with another chart analysis practice.
After yesterday's breakout of the 1WL, I am more bearish aligned.
However, since the major trend is still going up, I still expect the market to range for a bit before making a big move up again.
Trade safe and good luck!
After yesterday's breakout of the 1WL, I am more bearish aligned.
However, since the major trend is still going up, I still expect the market to range for a bit before making a big move up again.
Trade safe and good luck!
Attached Image (click to enlarge)
3
. Ok.....now come on the point. Yesterday I close my trading after that price drop up to 1985 area. I was expecting a bounce from 2001 or 2011 area at the completion of retracement as per my time rule strategy but it drops by breaking the level 76.4%. Now price has entered in my sell zone but Sell confirmation will be after confirm break of 1977. Until 1977 is unbreakable there will be a chance to bounce to cross ATH. But I found a untested level in daily & 4H at 2007 area. If 1987 hold then price can go for test the level but if price start to drop then there can be a drop up to 1965-1970 area and then price can close above 1977 again by a quick pull back.So till I got a clear price direction or confirmation of trend change I prefer to quick scalp only by time to time profit booking.I may be wrong.Trade safe.
