Here is the theory, based on past performances, touching the blue ring, pushes price up, touching the red ring, pushes the price down. There is more to it , but this is simple as I can put it. I have not completed the other rings but will in m next post.
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Hidden Bullish Div. on the 4 hrly
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Looking at the play. It would help significantly if the price dropped to a likable support level, like loading up a spring, and then pow. I have bought in at 9050 and have more reserved just above 8800 for that 2 scenario play, Still having the RING as the initiator
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Yellow line has been the main resistance and the bottom the main support. 30 Min chart
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I have added a few more rings so I can determine the granular points of resistance and support to make those short trades in between. If you roll my chart forward, you will see the pivot point worked.