ATUL - potential pema breakout

PEMA is squeezed and price is forming a triangular pattern in one hour. the width of cpr is narrow in weekly level.

price is currently trading below monthly money zone and within weekly money zone.

a strong upmove beyond weekly money zone could bring in short covering of monthly initiative traders. but beware fake breakouts as there are confluence of R1 & H4.
a strong down move beyond weekly money zone could push the price to new lows.

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