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kirti patel bands
The indicator is designed to highlight zones of potential buying and selling interest within the market by displaying dynamic support and resistance levels. Rather than signaling direct buy or sell points, it provides a visual representation of areas where buyers and sellers are likely positioned, reflecting market sentiment and potential pressure points.
Support Zones (Buy Zones): These areas indicate where buying interest may increase, suggesting that buyers are likely to defend these levels. As price approaches these support zones, it often signals a potential for reversal or strength if market sentiment aligns with bullish conditions.
Resistance Zones (Sell Zones): Resistance areas show where selling interest may intensify, potentially creating obstacles for upward price movement. These zones help identify points where the market may encounter bearish pressure, with prices possibly reversing or losing momentum as sellers step in.
Curved Levels: The indicator uses dynamic curves rather than static lines, adjusting the support and resistance zones to reflect evolving market trends. This curvature provides traders with a more responsive view of buying and selling pressure points, which can serve as reliable references for assessing trend continuations or reversals.
This tool is invaluable for traders seeking insights into market behavior and buyer-seller dynamics without relying on direct buy/sell signals. It enables better-informed trading decisions by highlighting key zones that may influence price action.
Support Zones (Buy Zones): These areas indicate where buying interest may increase, suggesting that buyers are likely to defend these levels. As price approaches these support zones, it often signals a potential for reversal or strength if market sentiment aligns with bullish conditions.
Resistance Zones (Sell Zones): Resistance areas show where selling interest may intensify, potentially creating obstacles for upward price movement. These zones help identify points where the market may encounter bearish pressure, with prices possibly reversing or losing momentum as sellers step in.
Curved Levels: The indicator uses dynamic curves rather than static lines, adjusting the support and resistance zones to reflect evolving market trends. This curvature provides traders with a more responsive view of buying and selling pressure points, which can serve as reliable references for assessing trend continuations or reversals.
This tool is invaluable for traders seeking insights into market behavior and buyer-seller dynamics without relying on direct buy/sell signals. It enables better-informed trading decisions by highlighting key zones that may influence price action.
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