Price made All Time High and now it is consolidating. It can continue the trend or pause for some time.
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 21940.
Stop Loss : 21900.
Targets : 21980, 22010, 22040 and 22080.
These levels are derived based on the assumption that price will take support from 21900 and break the consolidation.
Sell below : 21820.
Stop Loss : 21860.
Targets : 21780, 21740 and 21720.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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