Head and shoulder besrish pattern was forming. But should have come down to the green support line consolidate between green and white before taking resistance against white and falling down.
Now the white, what should have been a resistance has worked like a support. I call this pattern deviation. So its going to go long.
Down swing for formation of head happened inside a channel in red, now that channel has given break in the upside and retest done. That break and retest formed like a double bottom between yellow.
Multiple confluence for BN long
Now the white, what should have been a resistance has worked like a support. I call this pattern deviation. So its going to go long.
Down swing for formation of head happened inside a channel in red, now that channel has given break in the upside and retest done. That break and retest formed like a double bottom between yellow.
Multiple confluence for BN long