now see this #bel
first see monthly chart
super strong, long term secular trend.
There are two ways to find very strong support and resistance
1) simple lines
2) Extensions or retracements.
first see monthly chart
super strong, long term secular trend.
There are two ways to find very strong support and resistance
1) simple lines
2) Extensions or retracements.
Now in 1st one flaw is - - How can u say a trendline is valid or not unless it has been tested thrice?
so as per channel- lower trendline is fine as its importance has been tested but upper trendline is not that strong In my opinion so what m gonna do?
I will use extension
so as per channel- lower trendline is fine as its importance has been tested but upper trendline is not that strong In my opinion so what m gonna do?
I will use extension
first I checked how well its following technical?
so I checked past extension behavior and voila see how in 2015 price respected level.
so I checked past extension behavior and voila see how in 2015 price respected level.
this is 2022
#Bel
U have ur resistances as per extension trendline.
strongest resistance which u can see is at 310.
100% cycle will complete at 347.
#Bel
U have ur resistances as per extension trendline.
strongest resistance which u can see is at 310.
100% cycle will complete at 347.
so all in all raste khule hue hai
but it doesn't mean u have to bas - maan lena hai ki ab to ye aayega hi or bas price will stop there...
Just keep revising sl
pullbacks will come to take u out of market...
but it doesn't mean u have to bas - maan lena hai ki ab to ye aayega hi or bas price will stop there...
Just keep revising sl
pullbacks will come to take u out of market...
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