Hello to everyone
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe . The price hit the target of 1228. Now the price is near the strong weekly support zone . The level of 1200--1230 is strong demand zone and there is RSI Bullish Divergence on daily timeframe. The 200 day's EMA also at the support level which is performs as strong support . Near the support level RSI Bullish Divergence + 200 EMA can play a crucial role for swing reversal. The price can take support at the mentioned support level and may go upside for the initial upper targets. My first initial target is 1290 & 1330- 1360.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
The price perfectly fulfills my last idea. The market was trading at all time high level of 1397 and fell from all--time high price because of RSI Bearish Divergence on weekly timeframe . The price hit the target of 1228. Now the price is near the strong weekly support zone . The level of 1200--1230 is strong demand zone and there is RSI Bullish Divergence on daily timeframe. The 200 day's EMA also at the support level which is performs as strong support . Near the support level RSI Bullish Divergence + 200 EMA can play a crucial role for swing reversal. The price can take support at the mentioned support level and may go upside for the initial upper targets. My first initial target is 1290 & 1330- 1360.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
Kommentera:
👉#M_M Broken Strong Support Zone of 1230--1200 & Made low of 1157✅✅