ITC Part 2
Price has made a lower low at 134.60. I have taken the low and drawn sub-value area which is part of the dominant value area.
The parallel channel is working well as support.
Price extreme has made 7 touches at the gravitation line. Total 10 times price respected upper band and lower band of the sub value area.
How you can make your trade set-ups?
1.if the price will break up of this sub-value area we will also get a dominant value area breakout There are very good opportunities for buyers.
2. if the price gets resistance from the upper band our target will be the lower band & gravitation line of the sub value area and if the price breaks out sub value area we can expect a lower band of the dominant value area.
This technique is very simple, but it works very well.
The parallel channel is working well as support.
Price extreme has made 7 touches at the gravitation line. Total 10 times price respected upper band and lower band of the sub value area.
How you can make your trade set-ups?
1.if the price will break up of this sub-value area we will also get a dominant value area breakout There are very good opportunities for buyers.
2. if the price gets resistance from the upper band our target will be the lower band & gravitation line of the sub value area and if the price breaks out sub value area we can expect a lower band of the dominant value area.
This technique is very simple, but it works very well.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.