CURRENTLY STANDING AT REAL CRUCIAL LEVELS OF 32400-32200
The reason being crucial are ~
~ 0.5 and 0.618 which is also considered as healthy retracement before continuing its main trend ( that is UPTREND )
~ the W shaped breakout’s NECKLINE which previously acted as a RESISTANCE and gave confirmation of trend reversal as UPTREND will now act as GOOD SUPPORT
~ the gap pertaining between 32400 and 32200 had been of immense demand and supply zone as we can see huge gaps being created at these places and such gaps will act as a STRONG SUPPORT and I think only opening with huge gaps can break these insurmountable levels
~ following election news, if Marley doesn’t opens up with huge gaps that would also add to a fact that market is strong enough to absorb this shortcomings!!
These are some of my views !! Currently trading in no trading zone unless the following given levels breaks ✅
The reason being crucial are ~
~ 0.5 and 0.618 which is also considered as healthy retracement before continuing its main trend ( that is UPTREND )
~ the W shaped breakout’s NECKLINE which previously acted as a RESISTANCE and gave confirmation of trend reversal as UPTREND will now act as GOOD SUPPORT
~ the gap pertaining between 32400 and 32200 had been of immense demand and supply zone as we can see huge gaps being created at these places and such gaps will act as a STRONG SUPPORT and I think only opening with huge gaps can break these insurmountable levels
~ following election news, if Marley doesn’t opens up with huge gaps that would also add to a fact that market is strong enough to absorb this shortcomings!!
These are some of my views !! Currently trading in no trading zone unless the following given levels breaks ✅