I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis.
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Until price break and retest don't think of short side..it may continue to move upside by consolidation.
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No short side...wait for retracement
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43620-43650 is also strong it won't allow us to go long...so price enters in consolidation...
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liquidity lies above 43800 levels...
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Start booking longs...
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Careful here 43730 level may push downwards....
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If you observe consolidation at 43700-43740 levels then liquidity finish on top side...otherwise price fall happens. wait until price breaks the bottom trendline and retest.
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If no break above wait for short side...below trendline and retest...
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Keep safe guys...book all longs...Wait for short side...
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Keep in short side from 43850 levels...if comes wait until
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Chance of H& S pattern...wait until neckline breaks and rejects....
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will see in the next session what happens.
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If no break detected on top side 44100-44200 will reach.
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Above resistance Long possible upto 44250 levels...
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Above 43750 levels...
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Next resistance at 44080
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Ignore long side...
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If price consolidation happens at 43750-43850 liquidity below 43600 will finish.
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Exit from short side....
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Dont go long
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There is a chance of inverse head and shoulders pattern..don't go short
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If this setup failed will go for short
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Also share your thoughts in the comments section.
Thanks for your Support **
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