Analysis is based on Clones (a concept by @nmike).
Buy Levels: if a candle closes above 1247 then next levels are 1253 - 1257
Sell Levels: If a candle closes below 1240 then next levels are 1236-1231, if needed i will add more Clones to downside.
a. What are Clones: Clones is a concept shown to me by fellow Tradingview trader @nmike . Its based on important area where the price ranged/consolidated for a while.
b. How to Draw Clones: Pick the area where the price ranged/ranging, you can use pivots to find the range. Once the range is detected draw a box ,named it as reference range and the Clone the ref range box and put it one above n below reference range.
Note: this is not a trade advice/signal. These are just the levels that can be used for taking trade decision,,stoploss and take profits. Please do your own due diligence before placing the trade.
Facebook Group : /groups/1661468780781762/
Buy Levels: if a candle closes above 1247 then next levels are 1253 - 1257
Sell Levels: If a candle closes below 1240 then next levels are 1236-1231, if needed i will add more Clones to downside.
a. What are Clones: Clones is a concept shown to me by fellow Tradingview trader @nmike . Its based on important area where the price ranged/consolidated for a while.
b. How to Draw Clones: Pick the area where the price ranged/ranging, you can use pivots to find the range. Once the range is detected draw a box ,named it as reference range and the Clone the ref range box and put it one above n below reference range.
Note: this is not a trade advice/signal. These are just the levels that can be used for taking trade decision,,stoploss and take profits. Please do your own due diligence before placing the trade.
Facebook Group : /groups/1661468780781762/
I am a Chart Slave.Thank you TradingView and @nmike.