Price grabbed liquidity from the daily time frame Supply zone(resistance) and now looking at it coming to the previous Demand zone (Support)
which also turns out to be the 61.8 Fi level
A lot of candlestick rejections at the given level giving us the impresion that thats a liquidity zone
with orders to be filled up.
its also forming an inverted head and shoulders parttan
given that we are in an uptrend, this gives us added confluence of continuation of the uptrend
which also turns out to be the 61.8 Fi level
A lot of candlestick rejections at the given level giving us the impresion that thats a liquidity zone
with orders to be filled up.
its also forming an inverted head and shoulders parttan
given that we are in an uptrend, this gives us added confluence of continuation of the uptrend