- historical price action is not taken into consideration , rely on more recent price action .
- , are dynamic and keep changing with new price action
- You learn to time markets and not dicsuss charts after action has taken place .
All analysis I share will help you time markets before hand and not take moves after price action has already happened
This chart is valid till magnet prices are reached and till we have more new for a fresh look .
To keep it simple :-
Break out over 11,000 levels will take us to 13,000 levels
Very high chances of that as we have a DOWN CLOSE near to and is OVERSOLD.
All I am watching now is for the Supply to be broken in the next candle which will act as a trigger .
Stop @ 10 ,000
Long term view --Market is sideways till MAGNET PRICE is reached .
0.618 & 0.382 resistance arcs will act as resistance zones .
NOTHING IS FINANCIAL ADVICE .DONT RISK MORE THAN YOU CAN LOSE.