There are multiple timeframe is used to confirm the setup. The weekly chart show the uptrend with daily chart show the breakout from the previous months high. The pattern that has formed is bullish marabozu which took the support at the level of the breakout which further indicates the upside move.
more details will be updated later by night stay on!!!!!!
more details will be updated later by night stay on!!!!!!
Comment:
If you look at the last candlestick it clearly shows that smart money is hunting for SL target before going for big builtup. As long as the price action stay above or nearby the support line you can keep up with the position you took according to the idea insinuated by me. keep your SL at odd prices which cannot be seen by smart money. stay on!!!
Comment:
Once the MACD histogram crosses above 0 level you'll see a great move wait for it. Do use trailing stoploss to book profit if you are averse trader if there's an uncertain move.