Important Levels for 10/11/2022.
Despite many limit buyers being present aggressive selling took control and we managed a close just below the Buyer reference zone 18198-18214. Today if we open flat and trade lower we can short with initial targets of the previous buyer reference at 18123-18135. If we break and sustain below it, it is quite possible to see 18050 levels also.
For longs will wait for price to break 18246 and sustain thereabouts for targets of 18313.
Despite many limit buyers being present aggressive selling took control and we managed a close just below the Buyer reference zone 18198-18214. Today if we open flat and trade lower we can short with initial targets of the previous buyer reference at 18123-18135. If we break and sustain below it, it is quite possible to see 18050 levels also.
For longs will wait for price to break 18246 and sustain thereabouts for targets of 18313.