- While the price is above the support 4184.50, beginning of uptrend is expected.
- We make sure when the resistance at 7297.45 breaks.
- If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5110.00 to 4184.50), if so, we would set orders based on Price Action and expect to reach short-term targets.
- Beginning of entry zone (5110.00)
- Ending of entry zone (4184.50)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index ( ) is 36.
TP1= @ 6299.85
TP2= @ 7297.45
TP3= @ 7930.55
TP4= @ 9236.95
TP5= @ 10740.80
TP6= @ 12166.75
TP7= @ 14229.35
TP8= @ 16780.00
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