Important levels for 24/11/2022.
A close that would definitely please the bears but the point to notice here is that we have not broken any old buyer reference levels.
For tomorrow, the best trade will be if we see a small gap up, then we can short for targets of the buyer reference of 18234-18246. But if we open flat the trade shall be avoided.
If we open flat, 18234-18336 will be a no trade zone. and once we break 18234 we can short with 50% of our position size and add quantities once we go below 18207. The targets to look forward shall be 18155. Price sustaining below 18155 will open up big targets till the old buyer reference at 17989-18024.
A close that would definitely please the bears but the point to notice here is that we have not broken any old buyer reference levels.
For tomorrow, the best trade will be if we see a small gap up, then we can short for targets of the buyer reference of 18234-18246. But if we open flat the trade shall be avoided.
If we open flat, 18234-18336 will be a no trade zone. and once we break 18234 we can short with 50% of our position size and add quantities once we go below 18207. The targets to look forward shall be 18155. Price sustaining below 18155 will open up big targets till the old buyer reference at 17989-18024.