Watch for price action near Red Falling Wedge resistance.
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Sorry, Red Rising Wedge
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Breaking 127.20% Fibonacci will be good bullish confirmation of movement to 161.80% Fibonacci and resistance of Blue Rising Wedge and resistance of Trade Channel
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Two potential reversal zones 6500 and 6700
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Expecting movement to 161.80% Fibonacci level
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Moving in Blue Rising Wedge Expecting movement to 161.80% Fibonacci level
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Price reach resistance of Ascending Wedge
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Price reach resistance of trading channel, well done bulls!
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Open your Long Positions after breakout of trading channel. TP for Long Position should be placed between 261.80% — 361.80% Fibonacci levels (7500 — 8300)
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If price bounce from resistance of Trading Channel we should expect downward movement to Support Line of Blue Rising Wedge
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Broke channel up
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Nov 1 Comment: Open your Long Positions after breakout of trading channel. TP for Long Position should be placed between 261.80% — 361.80% Fibonacci levels (7500 — 8300)