I said that if the price action will break down the PRZ area then it will form on 4 day chart and now the price action has broken down the PRZ and entered in PRZ area of 4 day chart.
Now this PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
This time we have 200 support within potential reversal zone and 100 support below the potential reversal zone and incase of golden cross between the two moving averages a powerful can be triggered.
is showing less interest of traders at PRZ area, but did not give bull cross and is strong so for secure trade we should wait for to turn weak or for to give bull cross then take the long position.
I have used Fibonacci sequence to set the targets.
Buy between: 8166.12 to 7038.67
Sell between: 9058.05 to 11193.73
Atif Akbar (moon333)