Streynix
CMP 1160
Two levels are importnat – 1175 (very old resistance) and 1432 (Fib level to conform whether we are in fresh wave)
So one van go by position -sizing – initial postion after it closes and trades above 1175 for 1-2 weeks, additional postion once it crosses Fib level ( yellow line)
Would be able to project the targets once these levels are done.
Monthly Chart
Disclaimer : This post is just for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability-study methods and chances of success/failure depend upon various factors
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