Aslam Alykoom
Follow-up Japanese candles give you an excellent conversational language
Note here that the price fell to the price of 270 st to be a bottom and ends up with a candle bar or a doji you name it
The price rises and a strong resistance zone between 384/368 st starts to emerge
Then fell to 298 st and then ascended again and tried to break through the 384/368 st resistance area and failed then fell and did not reach the last bottom
And the fact that we have candle Ben Bar again to raise the price to the resistance area 368/384 st and could not penetrate to land again at 274 ST
When we apply Fibonacci levels between the last 274st bottom and the last peak 390 st we notice a rebound at 60% Fibonacci and touched the level twice, which is good for a rebound
MV indicators
MV 50
MV 28
MV 14
Shows us that prices are starting to move above the indicators and represent us areas of support and resistance moving
Here I would say that the start of the best entry when the price moves above MV 50 with the breach of the resistance area 368/384 ST at 391 ST
The stop loss is 363 ST
Follow-up Japanese candles give you an excellent conversational language
Note here that the price fell to the price of 270 st to be a bottom and ends up with a candle bar or a doji you name it
The price rises and a strong resistance zone between 384/368 st starts to emerge
Then fell to 298 st and then ascended again and tried to break through the 384/368 st resistance area and failed then fell and did not reach the last bottom
And the fact that we have candle Ben Bar again to raise the price to the resistance area 368/384 st and could not penetrate to land again at 274 ST
When we apply Fibonacci levels between the last 274st bottom and the last peak 390 st we notice a rebound at 60% Fibonacci and touched the level twice, which is good for a rebound
MV indicators
MV 50
MV 28
MV 14
Shows us that prices are starting to move above the indicators and represent us areas of support and resistance moving
Here I would say that the start of the best entry when the price moves above MV 50 with the breach of the resistance area 368/384 ST at 391 ST
The stop loss is 363 ST