In monthly, a pullback to test monthly resistance in a nice downtrend can be seen, which gives us a potential short assuming that the trend is not yet exhausted. 
Weekly is in a nice downtrend since many months now and a doji has rejected the monthly resistance which is negative again. However, we see a TL break with big green candle in weekly which is a point of concern. But the pullback test is at Fib Levels which is again great.
With higher TFs on bearish side, we will look to confirm bearishness in the daily which can be after the breakdown from the rising wedge pattern. SL can be kept at monthly resistance of 78 with a target of 63 once daily gives a confirmation.
Weekly is in a nice downtrend since many months now and a doji has rejected the monthly resistance which is negative again. However, we see a TL break with big green candle in weekly which is a point of concern. But the pullback test is at Fib Levels which is again great.
With higher TFs on bearish side, we will look to confirm bearishness in the daily which can be after the breakdown from the rising wedge pattern. SL can be kept at monthly resistance of 78 with a target of 63 once daily gives a confirmation.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.