Trendline based analysis:
tfuel/theter is in downtrend as you can see the trendline in the chart ,it needs to break the downtrend and the major resistance is 0.415 area. Areas of support and resistance are mentioned below:
area of supports : 0.28679 , 0.26796 , 0.23806
areas of resistance: (0.35-0.37) , 0.41527 ,0.47951
IF IT RESPECT JUST THE BODY NOT WICK THEN WE CAN SAY IT HAS ALRREADY BROKEN THE DOWNTREND BUT THE RESISTANCE & SUPPORT AREAS WILL ACT LIKE SAME.
Disclaimer : not recommended to take the trade on the basis of this analysis , its just an idea and could be false. Please comment below how do you find this idea.
THANKS :)
tfuel/theter is in downtrend as you can see the trendline in the chart ,it needs to break the downtrend and the major resistance is 0.415 area. Areas of support and resistance are mentioned below:
area of supports : 0.28679 , 0.26796 , 0.23806
areas of resistance: (0.35-0.37) , 0.41527 ,0.47951
IF IT RESPECT JUST THE BODY NOT WICK THEN WE CAN SAY IT HAS ALRREADY BROKEN THE DOWNTREND BUT THE RESISTANCE & SUPPORT AREAS WILL ACT LIKE SAME.
Disclaimer : not recommended to take the trade on the basis of this analysis , its just an idea and could be false. Please comment below how do you find this idea.
THANKS :)