This is a follow-up to my last idea (linked below) where I marked support and resistance levels based on confluence of diagonal long term support and resistance levels. I have removed the diagonal lines so you can actually see the chart, but I've left the horizontal lines that came out of the confluence points. Speaking of confluence, I realized that the 100 and 200 day EMA lines are currently in a confluence around the 8200 level, and there are another couple of potential supports meeting there, so that will be an important level to watch.
I'm a new publisher, so your likes and comments will help a lot. Please like my idea if you found it helpful.
This is not financial advice. I just want to share my thoughts with all of you. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments.
Disclaimer
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
I'm a new publisher, so your likes and comments will help a lot. Please like my idea if you found it helpful.
This is not financial advice. I just want to share my thoughts with all of you. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments.
Disclaimer
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
