Reasons/Traits : • Bullish Cypher harmonic pattern is seen and will get activated below 2230 levels • 13 EMA touched 50 EMA today • Price bounced second time at 0.5 fib levels • Constantly falling RSI
What can happen next : Scenario 1 : Price sustaining above 2230 levels can take it to 2285/2360/2450/2500 levels Scenario 2 : Price break down below 2230 can take it down to 2170/2100/2075/2000/1975 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Nota
scenario 1 activated, first two targets achieved
Nota
uncertainty in trend
Nota
got support at 0.618 retracement levels now inching towards 2450
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