Please look in to the Hourly or Daily charts into the history. Draw a horizontal line around the region where:
1. Price has a mercurial behaviour in this region .
2. Even after going below the line, the price, within a few hours of trade or days of trade, rebounds to go above the line.
3. Tries to go above the line, but again drops and stops going down at this line.
Regards,
-Sri
1. Price has a mercurial behaviour in this region .
2. Even after going below the line, the price, within a few hours of trade or days of trade, rebounds to go above the line.
3. Tries to go above the line, but again drops and stops going down at this line.
Regards,
-Sri
the market reaction at that level was before the last crash and after major crashes prices usually gets new definitions, i believe......
anyway we will learn a lesson frm here abt support n resistances...... lets see how prices react.......
Regards