1. Identified Support in Green and Resistance in Red

2. Market direction is indicated by 21/55 MA.If 21 is above 55 then the market is bullish and vice-verse if 21 is below 55 then the market is bearish.

3. Price action is indicated by 5/8 MA.

4.Take note of the angle of separation between the moving averages


Price this month opened just above MM2 went up and reversed at MPP and came down to breakthrough MM2.


Price opened this week with bears in control and with the 21 below 55 which shows a bearish market.


Price opened at DM2 and made a lower low and at the moment its going up but looking at the 2155 the market is bearish so here I am looking for price to retrace and sell it off the fibzone.

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