Todays high is important: it is created by exactly 50% fibo retracement
Fibo levels also gave big profit opportunity today.
Todays high is important as it is created by exactly 50% fibo retracement of totall fall. Many analyst (elliot wave :lol is saying 8550 as max, actually they are eyeing on golden ratio 61.8 :lol:
Actually no one know the market mind.
But those who are alert enough could always make big money using Fibo Levels. Stop losses must be short & dynamic (according to price action there) and have to be alert to reverse your position quickly if stop loss breached.
Present 38.2 fibo sup near 8320, trend line sup 8270. Upper res of 61.8% around 8520-30(noise level +/- 20pt considering total fall is big).
Be alert and make big profit using simple major sup res levels with price action and fibo levels...
Best Wishes & Happy Trading.
H.C.
Fibo levels also gave big profit opportunity today.
Todays high is important as it is created by exactly 50% fibo retracement of totall fall. Many analyst (elliot wave :lol is saying 8550 as max, actually they are eyeing on golden ratio 61.8 :lol:
Actually no one know the market mind.
But those who are alert enough could always make big money using Fibo Levels. Stop losses must be short & dynamic (according to price action there) and have to be alert to reverse your position quickly if stop loss breached.
Present 38.2 fibo sup near 8320, trend line sup 8270. Upper res of 61.8% around 8520-30(noise level +/- 20pt considering total fall is big).
Be alert and make big profit using simple major sup res levels with price action and fibo levels...
Best Wishes & Happy Trading.
H.C.