After rejection of 100 and 200 DMA for the second time, at the same time they were at the same price weekly and daily level at 27980.
The zone I marked is supported by a daily level, two weekly levels, a monthly level and a Fibonacci level of 0.618.
Above that zone we have the fibonacci level of 0.382, which is at the same price as the daily level, below the 0.5 fibonacci level, below which the 50DMA occurs.
Wait for the setup, if the price appears before this zone, try long.
The zone I marked is supported by a daily level, two weekly levels, a monthly level and a Fibonacci level of 0.618.
Above that zone we have the fibonacci level of 0.382, which is at the same price as the daily level, below the 0.5 fibonacci level, below which the 50DMA occurs.
Wait for the setup, if the price appears before this zone, try long.
Comment:
Also if the price falls into the long zone, we will get a bullish divergence on the daily
Comment:
50DMA did it right, congratulations for all long!
