Observations: 1) On 1 hour time frame earlier it had made inverse head and shoulder pattern which we already covered in earlier post[Link is at the bottom of this]. Now it has made rounding bottom pattern on 1hour time frame with neck/breakout line at level 2190.
Please refer Chart below: 1 hour time frame.
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Trade Setup for Date 25-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tommorrow.
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