The structure looks quite appealing.
- Consolidation for the last few months seems over.
- Sharp rise from established DEMAND ZONE and consolidating near resistance line.
- Buying volume seems much more convincing than the selling. Can give a good 15-20% rally to the next supply area.
- Halting near resistance line. Seems to soak up all the selling pressure.
** Entry can be made immediately upon breakout or upon retest of the down trendline.
Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.
P.S - Likes will be appreciated along with your insights in the comment section as well. Thank you.