Nifty Continuous Futures Fib Channel

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I've been observing Nifty Futures Since 06/January/2022 and came out with this study.

Importand Levels are marked in dark black.

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ملاحظة

its almost five days sgx nifty is still trapped between 2.414 and 2.618 fib level.

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ملاحظة

getting resistance continuously at 2.618 level.

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ملاحظة

every time it tries to go above 2.618 level, it pushed down immediately.

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ملاحظة

After a 8 days long struggle below 2.618 level finally price breakout above it, Now 3.0786 level will act as resistance.