based off of 30m chart, an untapped demand zone has been marked. Right above it are two equal lows which may be perceived as support. This faux-support is likely to be swept through to take out the early and impatient buyers.
It is preferred that the approach to the zone is not impulsive with a shift of structure from bearish to bullish being clear.
Entry may be a limit buy or a buy on confirmation.
if this zone fails, it might probably slide down to 300 (based on daily chart) with some reaction at the intermediate zone...probably.
target is the high.
Not financial advice. GG
It is preferred that the approach to the zone is not impulsive with a shift of structure from bearish to bullish being clear.
Entry may be a limit buy or a buy on confirmation.
if this zone fails, it might probably slide down to 300 (based on daily chart) with some reaction at the intermediate zone...probably.
target is the high.
Not financial advice. GG
Comment:
approaching second buy zone, waiting for bullish structure to enter.