The price action is moving within a triangle and most of the indicators are bearish even up-to 2 weeks chart, specially MACD and chop zone are strong bearish and ichimoku cloud is also reversed to bearish.
We have a very strong support of 100MA just at support of triangle and then 200MA support I am expecting that the price action will take bullish divergence from 100MA insha Allah but I would suggest to re-buy it after when the priceline will touch the 100MA and indicators will give bullish signals. I will also give an update when to re-buy.
Regards,
Atif Akbar (moon333)
We have a very strong support of 100MA just at support of triangle and then 200MA support I am expecting that the price action will take bullish divergence from 100MA insha Allah but I would suggest to re-buy it after when the priceline will touch the 100MA and indicators will give bullish signals. I will also give an update when to re-buy.
Regards,
Atif Akbar (moon333)
