Traders, This FCP (Fibonacci Confluence Zone) has 3 different important factors in it. This FCP Zone is something to watch out for. Remember anything can happen in the market so always wait for a confirmation before taking any trades. If it starts to fall around this zone we have 2 possible fibonacci confluence based targets to watch out for to start with.
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Have a great trading week!
Take care and trade well -Vik
P.S. (This is for education only. Not a financial advice or signal.)
20k was previous high few years back.. most logical thing will be retest of that atleast
vikinsa
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@gvmrb0040, There may not be any logics in the markets. It is also not logical to move in s straight line upwards without taking a healthy correction :)
See this. This has happened before too: :)
Krishan1988
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Thanks for the analysis. As always very much appreciated