CQML align with PH , combination of these two elements may result in a fakeout zone. If not, then the CQML level will be the level of swing low . Very hypothetical.
Expecting the market price to reach the CQML level within two weeks or sooner.
Expecting the market price to reach the CQML level within two weeks or sooner.
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The CQML level turn out to be a fake out zone as it is aligned with the previous high. A new target for swing low at 66.326 is expected. The logic behind the FO level is that the big player is trying to lure in :
i ) Breakout trader - to buy stop once it break the FO zone
ii) SNR trader - to buy limit at the FO/R zone ( resistance becomes support )
As of now , consolidation of market or uptrend is expected before it reach the target level.
i ) Breakout trader - to buy stop once it break the FO zone
ii) SNR trader - to buy limit at the FO/R zone ( resistance becomes support )
As of now , consolidation of market or uptrend is expected before it reach the target level.
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Reacting towards the market movement , the market actually made a beautiful "flag limit" set up . Mistake is learnt. Always look to the left and analyse higher high profile .