We all know that price won't move in horizontal or vertical line.
Most of the time we don't notice it is moving in the form of curve.
Ex : Rounding top, Rounding bottom, Cup & handle.
I have marked few curves in the chart. 1 and 2 are resistance.
3 and 4 are support.
We never know how price will behave. Do your own analysis and before that give a like.
Most of the time we don't notice it is moving in the form of curve.
Ex : Rounding top, Rounding bottom, Cup & handle.
I have marked few curves in the chart. 1 and 2 are resistance.
3 and 4 are support.
We never know how price will behave. Do your own analysis and before that give a like.
Comment:
Gap down... Will see whether it takes support at 4.
Comment:
Support.
