Wait for a 4 Hour or Daily Close above 45520.37 and then watch for a retest as new support. Key resistance comes in at 48051.41. What I am looking for is for price to break 45520.37 horizontal level and pull back to 45520.37 horizontal support level. At the 45520.37 horizontal support level, look for a price action signal in the form of pin bar or rejection candlestick.
Engulfing Candlestick
Close Above Horizontal Level 41523.72 Exposed Resistance Level 45520.37 As The Target
Engulfing Candlestick
Close Above Horizontal Level 41523.72 Exposed Resistance Level 45520.37 As The Target
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