Advanced Technical Trading Advanced Technical Trading: A Deep Dive
Introduction
Advanced technical trading goes beyond basic chart patterns and indicators. It blends quantitative analysis, risk management, algorithmic methods, and behavioral insights to make data-driven trading decisions. The goal is to create a structured trading framework that adapts to market dynamics with precision.
This guide covers advanced tools, methods, and strategies used by professional traders and hedge funds to navigate complex market conditions.
1. Market Structure Analysis
Understanding market structure is critical for timing entries and exits.
Market Phases: Accumulation → Mark-Up → Distribution → Mark-Down
Order Blocks: Institutional price levels where smart money enters (used in ICT and SMC).
Liquidity Pools: Zones of stop-loss clustering (above highs or below lows).
Break of Structure (BOS): A key signal that trend direction is shifting.
Change of Character (CHOCH): A microstructure shift that signals potential reversals.
Tools:
Volume Profile
VWAP (Volume-Weighted Average Price)
Footprint Charts (for order flow)
2. Multi-Timeframe Analysis (MTFA)
Advanced traders always align multiple timeframes:
HTF (High Time Frame): Weekly/Daily → Defines macro trend
MTF (Mid Time Frame): 4H/1H → Confirms setups
LTF (Low Time Frame): 15min/5min → Execution
Example: Look for a daily demand zone + 4H BOS + 5min bullish CHoCH to confirm long entry.
3. Advanced Indicators & Tools
A. ATR-Based Strategies
Average True Range (ATR): Measures volatility.
Use ATR to set dynamic stop losses and targets.
ATR Channels can be used to gauge overbought/oversold conditions.
B. Ichimoku Cloud
Gives a complete picture: trend, momentum, support/resistance.
Cloud twist (Kumo twist) indicates potential trend reversals.
C. RSI Advanced Usage
RSI Divergence: Price making new highs, RSI not confirming.
RSI Levels: Beyond 80/20—watch for failure swings.
D. Fibonacci Extensions
Combine with Elliott Wave for confluence in target projections.
4. Price Action + Liquidity Concepts
Price action trading at an advanced level involves understanding:
Fair Value Gaps (FVG): Imbalances where price moves aggressively without filling orders.
Liquidity Grabs: Price sweeping a high/low to trigger stop hunts, then reversing.
Mitigation Blocks: Areas where the market re-tests a previous imbalance before continuing.
Use in:
ICT (Inner Circle Trader) methodology
Smart Money Concepts (SMC)
5. Algorithmic & Quantitative Techniques
A. Statistical Edge
Backtest strategies using Python or Excel.
Metrics: Win rate, profit factor, Sharpe ratio, max drawdown.
B. Monte Carlo Simulations
Assess risk and variability in performance.
C. Correlation Analysis
Use tools like rolling correlation between assets (e.g., Nifty 50 vs. Bank Nifty).
6. Volume and Order Flow Trading
Volume tells the story behind price movement:
Footprint Charts: Show actual volume at each price level.
Delta Divergence: Difference between aggressive buyers and sellers.
Volume Clusters: Zones where high volume transactions occurred—often act as support/resistance.
Tools:
Bookmap
Sierra Chart
TradingView + Volume Profile plugins
7. Risk and Trade Management
Advanced trading isn't about always being right—it's about managing risk:
Kelly Criterion: Used to size trades based on edge.
R-Multiple Tracking: Risk-to-reward measurement on every trade.
Position Sizing Models:
Volatility-based sizing (using ATR)
Equity curve-based sizing
8. Strategy Building & Optimization
Build a Rules-Based Strategy
Setup (Entry Criteria): Structure + Indicator confluence
Trigger: Candlestick or microstructure confirmation
Risk Management: Fixed % or volatility-based
Exit Plan: Partial profit-taking, trailing stop, or time-based exit
Optimize Your Edge
Forward test in live but small positions
Maintain a trading journal
9. Psychological Edge
Advanced trading requires emotional discipline:
Avoid Overtrading: High-quality setups only.
Process Over Outcome: Focus on execution, not money.
Meditation and Mindfulness: Helps manage stress and improve decision-making.
Pre/Post-Market Routines: Review trades, plan ahead.
Books like "Trading in the Zone" by Mark Douglas are highly recommended.
10. Specialized Strategies
A. Options Flow Analysis
Track institutional options activity.
Harmonic Patterns
#Nifty directions and levels for June 11th:Good morning, Friends! 🌞
Here are the market directions and levels for June 11th:
Market Overview
There have been no major changes in both the global and local markets. They are still showing a moderately bullish sentiment. Meanwhile, Gift Nifty indicates a neutral to slightly gap-up start of around 30 points.
So, what can we expect today?
As per the structure, Nifty continues to hold a bullish bias, but Bank Nifty is showing a slightly negative bias. One more important point to note: today is a full moon day according to the calendar. As per Astro theory, full moon days (including one day before and after) are typically known for increased volatility.
My expectation is that we are currently in a minor range, so we can expect a directional move once the market breaks this range.
Let’s look at the charts.
Current View
If the market starts with a gap-up and sustains, we can expect consolidation near the previous high. If it then breaks above the previous high, we may see continuation of the rally.
Alternate View
If the gap-up does not sustain and the market breaks below the pullback zone effectively, we can expect the correction to continue. On the other hand, if the market finds support around the minor pullback zone, it may continue to trade in a range-bound structure.
EURUSD – Price Holds Uptrend, 1.145 Zone Is the Key to BreakoutOn the H4 timeframe, EURUSD continues to move within a clearly defined ascending channel, consistently bouncing off the trendline and EMA34–89 cluster. Price is now approaching the 1.14500 resistance zone, which previously rejected bullish attempts twice. However, this time, price is consolidating just below resistance, indicating that buying pressure may be building.
If 1.14500 is breached with strong momentum, the next target will be 1.15000. Conversely, if price gets rejected again, the 1.14100 support zone will be crucial to watch for a reaction.
Meanwhile, news from the ongoing US–China trade talks is keeping gold highly volatile, creating a risk-on sentiment and weakening the USD—this may provide additional support for EUR’s bullish trend.
#Nifty directions and levels for June 12th:Good morning, Friends! 🌞
Here are the market directions and levels for June 12th:
Market Overview
Today as well, there have been no major changes in either the global or local markets. Both are showing a moderately bullish sentiment. Meanwhile, Gift Nifty indicates a neutral to slightly gap-up start of around 30 points.
So, what can we expect today?
There’s still no change in the market structure—Nifty is showing a moderately bullish bias, while Bank Nifty is showing a bearish bias. This makes the direction a bit difficult to predict.
However, my expectation is: even if the market opens positively, it may not sustain. Initially, we can expect a minor correction. If it breaks the support, then the correction may continue. On the other hand, if it pulls back from support, then it may re-enter a range-bound market.
Let’s look at the charts.
Current View
The current view suggests that if the market reaches the immediate support level with a gradual movement, we can expect a bounce back, which would mean it may continue to hold a moderately bullish sentiment.
However, if it declines sharply and consolidates or breaks the immediate support level decisively, then it could enter a correction phase.
Alternate View
The alternate view says: if the gap-up sustains structurally, we can expect only a minor rally. However, if a solid bullish candle forms, we may consider entering a directional trade.
#Banknifty directions and levels for June 12th:Current View
The current view suggests that if the market reaches the immediate support level with a gradual movement, we can expect a bounce back, which would mean it may continue to hold a moderately bullish sentiment.
However, if it declines sharply and consolidates or breaks the immediate support level decisively, then it could enter a correction phase.
Alternate View
The alternate view says: if the gap-up sustains structurally, we can expect only a minor rally. However, if a solid bullish candle forms, we may consider entering a directional trade.
#Banknifty directions and levels for June 11th:Current View
If the market starts with a gap-up and sustains, we can expect consolidation near the previous high. If it then breaks above the previous high, we may see continuation of the rally.
Alternate View
If the gap-up does not sustain and the market breaks below the pullback zone effectively, we can expect the correction to continue. On the other hand, if the market finds support around the minor pullback zone, it may continue to trade in a range-bound structure
GBPUSD – Choppy Below Resistance, Risk of Renewed WeaknessOn the H4 chart, GBPUSD is trading within a narrow range, fluctuating between 1.35740 and 1.34880. Each upward attempt toward the resistance zone has been quickly rejected. The price structure shows lower highs forming, while support areas are gradually moving lower.
The EMA34 and EMA89 are starting to flatten out, indicating the main trend is becoming increasingly unclear. If the price breaks below the 1.34880 level, a clear downtrend will be confirmed, and the scenario of a return to the long-term trendline becomes more plausible.
The key upcoming event is the U.S. CPI report, expected within the next 24 hours. If the data shows inflation remains high, the Fed will have less incentive to cut interest rates, potentially boosting the USD and putting downward pressure on GBPUSD.
Crude updated levels,fall from exactly resistance area How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
This BTC Pullback Could Be The Last Dip Before $120K+ — Are You #Bitcoin has just delivered a textbook breakout — but what comes next might surprise you. Let’s break it down: 👇
🔸 Bearish Order Block @ $109K–$110K
Price tapped into this zone and is currently reacting. Expect short-term volatility here.
🔸 FVG (Fair Value Gap) Filled + Tapped
A clean move back up filled the previous FVG — this typically signals strength but also invites sellers at OB zones.
🔸 Key Bullish Order Block @ $106K
If BTC pulls back, this zone will be crucial. A strong defense here could ignite the next leg up.
🔸 Fib Levels Aligned:
0.382 Fib @ ~$104.5K
0.5 Fib @ ~$102.2K
0.618 Fib & Bullish OB cluster @ ~$100K ( Filled )
Possible Play Ahead:
A dip toward $106K–$104K is healthy → watch for buyer reaction.
If CRYPTOCAP:BTC holds the $106K OB and bounces, a move back toward $112K+ ATH retest is very likely.
Big Picture:
The breakout from the descending channel + OB retest gives BTC strong bullish structure — as long as the $106K zone holds.
Are you ready for the next BTC move?
📈 Comment below: BULLISH or BEARISH?
🔄 Retweet to keep others in the loop!
NFA & DYOR
USDJPY – Momentum Fades Near 146 BarrierUSDJPY is approaching the significant resistance level at 146.020 following a parabolic rebound. This area previously triggered a sharp sell-off, and a minor double top pattern may be forming. If price gets rejected here, the support zone around 144.470 (EMA89 + demand zone) becomes a likely target for a pullback.
The recent upside was supported by hawkish comments from BoJ Governor Ueda, but the main market focus remains on the U.S.–China trade talks. If tensions ease, the USD could weaken, supporting the bearish scenario for USDJPY.
XAUUSD – Testing the Descending Trendline, Awaiting FOMC SignalsGold has rebounded to the 3,371 zone after U.S. CPI data showed cooling inflation, putting pressure on the USD. The price is now approaching the descending trendline and the 3,400 resistance zone – a level that marked the top on June 5.
If this area fails to break clearly, gold is likely to pull back toward the 3,327 support – the confluence of the EMA89 and a recent low. On the other hand, if the FOMC delivers a dovish signal, price could break out and aim for 3,457.
Trade Setup:
SELL near 3,400 if rejection candles appear
BUY near 3,327 if bullish reversal signals show
BUY breakout above 3,405 if FOMC supports further gains
Is $SOL about to DUMP… or set up a MASSIVE BUY ZONE?Is CRYPTOCAP:SOL about to DUMP… or set up a MASSIVE BUY ZONE?
Solana is now at a critical level on the higher timeframe chart:
✅ After a breakdown, SOL is now retesting the bearish retest zone
✅ Strong resistance seen at $170–$180
✅ If rejected → price could dip toward the $100 range
But here’s the key: A dip to $100 would be a massive long-term buying opportunity for many investors (including me).
Long-term targets? I’m still eyeing $500 → $1000 if the macro trend plays out.
👉 Keep a close eye — the next few weeks could set up the next big move for $SOL.
Are you ready? Will you be buying the dip? Comment below! 👇
NFA & DYOR
XRP Breakout Watch — Will June 16 Trigger a Bull Run?🚨 XRP Breakout Watch — Will June 16 Trigger a Bull Run? 🚨
CRYPTOCAP:XRP is holding above the key $2 support.
👉 A breakout above $2.65 → $3.00 is in play.
👉 Whale accumulation rising. Volume tightening.
👉 Ripple vs SEC ruling expected soon.
Targets if bullish: $3 → $8 → $13 🚀
Downside risk: Below $2 → $1.50 or lower.
Note: NFA & DYOR
Buy bitcoin positional Target 114500-115500,SL 108000How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
BTCUSDT – Strong rebound, waiting to break previous highsBitcoin is maintaining a fairly positive uptrend after bouncing from the support zone around 105,245 USDT – a confluence area of the EMA89 and previous lows on the 8H chart. Currently, the price has approached the key resistance area between 110,192 and 111,931, which has previously rejected bullish attempts twice.
Price action suggests that BTC may temporarily pull back to gather momentum before continuing to test the green resistance zone around 113,331. A short-term accumulation pattern is forming with a higher-low structure – a good sign for buyers as long as the price holds above the 106,000 area.
On the news front, investor sentiment has improved following weaker U.S. jobs data, reinforcing expectations that the Fed may cut interest rates sooner. This has prompted a return of safe-haven flows to the crypto market, adding fuel to BTC’s upward momentum.
Silver still buy on dip avoid sell trade,109500-111000 Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Profit booking started on crude we will see 5240-5190 in few dayHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
XAUUSD – Weak Rebound, Downside Pressure RemainsGold is currently testing the 3,339 resistance zone – a confluence with the EMA34 and EMA89, which has rejected price multiple times before. The current rebound is weak, suggesting that buyers are struggling. The bearish structure is becoming clearer with lower highs. If gold fails to break this resistance, it could retreat to 3,303; a break below that would likely open the way down to the 3,264 support level.
On the news front, the gold market is being heavily influenced by the ongoing U.S.–China trade negotiations in London. This major event could spark unpredictable volatility. If tensions ease, safe-haven demand for gold may fade, further supporting the short-term bearish outlook.
SOLANA Short Position Update – June 11, 2025We are the SeoVereign Trading Team.
With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.
🔔 Follow us to never miss a market update.
🚀 Boosts provide strong motivation and drive to the SeoVereign team.
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Solana downside perspective shared.
The first target is set at 162.94.
The bearish outlook is based on the Elliott Wave structure and volume flow.
Currently, upward momentum appears to be exhausted, and decreasing volume is increasing the possibility of a trend reversal.
Additional analysis will be shared through an idea update once the first target is reached.
NIFTY Projection For Next Move
1. **Nifty**, or **Nifty 50**, is a benchmark stock market index in India.
2. It represents the weighted average of **50 of the largest** and most liquid Indian companies.
3. The index is managed and owned by the **National Stock Exchange (NSE)**.
4. It was introduced in **1996** with a base value of 1000.
5. Nifty covers **13 sectors** of the Indian economy, including IT, finance, and energy.
6. Companies in Nifty are selected based on **free-float market capitalization**.
7. It serves as a **barometer of the Indian equity market’s performance**.
8. Nifty is reviewed and rebalanced **semi-annually**.
9. It is widely used by **investors, mutual funds, and analysts**.
10. Nifty's performance impacts **investment decisions and economic outlook** in India.
POWER GRID AN INTERSTING VALUE CONSOLIDATION AWAITING BREAKOUTPOWER GRID is an interesting chart with following
1. Major Moving Averages i.e. 20 SMA, 50 EMA, 100 EMA, 200 EMA on daily time frame are clustered in range 295-296
2. Major Weekly moving Averages i.e. 20 SMA at 287 and 50 EMA at 292 levels respectively
3. Price taking support at 20 Month moving average at 290 levels
4. Narrowing Bollinger Bands on daily and weekly charts
5. RSI on all time frames above 50
6. ABCD Pattern under formation on daily chart
7. Break out of Flag and poll pattern on daily charts
FUNDAMENTALS
1. Q4 Results: Net profit dipped 0.5% YoY to ₹4,143 crore; revenue rose ~2.5% due to project delays in the clean‑energy transmission space
2. Valuation: TTM P/E around ~18x
3. Corporate developments: Approved ₹132 cr investment in a national unified network management system (N‑UNMS) to be operational by Feb 2027, reinforcing infrastructure growth
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do hold Small position in the stock as on date and I may look to take some position with my own Risk Reward matrix.
Cipla an interesting consolidation and value proposition Cipla Ltd. is an interesting consolidation to keep on radar
Technicals
1. RSI on all time frames above 50
2. Major daily moving averages are clustered in range of 1478-1482 be it 20 sma, 50 ema, 200 ema, 100 ema
3. Major weekly moving averages i.e. 50 EMA and 20 SMA at 1474 and 1476 respectively
4. Narrowing Bollinger band on weekly charts
5. Price taking support at 20 month sma and recovered
Fundamentals
Q4 FY25 Results: Net profit rose ~30% year-over-year to ₹1,222 cr, while revenue increased ~8.5%, beating expectations .
Quarterly (Q3): Earlier Q3 profit jumped ~49%, supported by strong domestic demand even as U.S. sales remained subdued .
Financial health: Near zero debt (D/E ~0.01), steady ROE (₹65/year), with trailing P/E around 23, well below the sector average (~39) .
U.S. drug launch potential: FDA approval secured for generic Abraxane — a big oncology drug — slated for launch in H1 FY26 .
Pipeline expansion: Launch of respiratory drug Advair and oncology Abraxane expected to contribute significantly .
Key risks: Potential U.S. tariffs on generics and supply issues (e.g., Lanreotide) can temporarily pressure revenues .
Lets see how it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do hold small position in the stock as on date and I may look to take some position further with my own Risk Reward matrix.
Nifty will give upside breakout avoid any sell trade How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance