This month's pivot are wider than previous month's indicating a sideways market for PNB.
Short @ R1/H3 if not they are not breached within few days and Long @ L3/CPR.
Dotted layers(H1,H2,L1,L2) will be the layers over which the PNB is likely to move.
If CPR(Dashed Blue Lines) is breached and sustained, S2/L5 should be your short target.
PNB opened between H3 and L3, confirming it's more likely be a sideways market.
Short @ R1/H3 if not they are not breached within few days and Long @ L3/CPR.
Dotted layers(H1,H2,L1,L2) will be the layers over which the PNB is likely to move.
If CPR(Dashed Blue Lines) is breached and sustained, S2/L5 should be your short target.
PNB opened between H3 and L3, confirming it's more likely be a sideways market.
Kommentera:
For three days after analysis, PNB reached 100(H2) and went down!