It got strongly rejected from 100 MA on weekly and closed below it. Also it is same level where price previously got rejected.
Now, according to volume profile, Point of Control is at 2682. This is the price at which volume of trades happened is highest in visible range
If the price come back to this level, it would complete the symmetry of the pattern and provide perfect long opportunity.
But it isn't necessarily mean that it would come back to that level. It may continue uptrend if it can close above resistance levels mentioned at the beginning
Now, according to volume profile, Point of Control is at 2682. This is the price at which volume of trades happened is highest in visible range
If the price come back to this level, it would complete the symmetry of the pattern and provide perfect long opportunity.
But it isn't necessarily mean that it would come back to that level. It may continue uptrend if it can close above resistance levels mentioned at the beginning
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.