SMALLCAP 100 INDEX : Either of the 2 scenarios possible!
⚡Price Analysis:
1️⃣ Overall price structure is bullish.
2️⃣ Price is overing around critical support.
3️⃣ Index broke the last high to form a HH struture.
✨ My Personal Views:
➡️ Expecting it to move in HH-HL formations.
➡️ Important Fibonacci support will be respected.
➡️ Either of the 2 marked cases looks highly possible.
➡️MTF:
- Monthly candle is not looking good as of now, there is a rejection from the top. Monthly candle closing atleast above 19100 will indicate strength.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
1️⃣ Overall price structure is bullish.
2️⃣ Price is overing around critical support.
3️⃣ Index broke the last high to form a HH struture.
✨ My Personal Views:
➡️ Expecting it to move in HH-HL formations.
➡️ Important Fibonacci support will be respected.
➡️ Either of the 2 marked cases looks highly possible.
➡️MTF:
- Monthly candle is not looking good as of now, there is a rejection from the top. Monthly candle closing atleast above 19100 will indicate strength.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Anubrata Ray ⚡
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