Nifty Fibonacci Analysis from next few weeks
As i have marked on the chart price is respecting Fibonacci time and price levels. Hence we can expect the same in future too.
The response of price makes every line marked on chart extremely IMP.
Which time and price levels are most important?..... can be answered after observing the price action in history. With this analysis we are not trying to decide top or bottom. As always we are trying to determine the IMP levels in price and time where traders needs to be extra careful.
With good observation and trading skills such points can be utilized for entry and exit also.
Make good use of hourly chart on these dates so that trending move can be captured early. My students will know how to use it for sure.
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