Price broke the all time high and has given a pullback, the price is currently at a confluence of factors :
1) Price is retesting the previous breakout zone (Resistance acting as support)
2) Price is taking support at the 9 day EMA
3) Currently price is also taking support at 0.5 Fibo Level
This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis.
DISC: VIEWS FOR LEARNING PURPOSE ONLY
1) Price is retesting the previous breakout zone (Resistance acting as support)
2) Price is taking support at the 9 day EMA
3) Currently price is also taking support at 0.5 Fibo Level
This can be a high probability trade above 537, close above which will also confirm flag breakout, first target 566 and flag target is approximately 100 points sl below 505 on daily closing basis.
DISC: VIEWS FOR LEARNING PURPOSE ONLY
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。