Its clearly seen inside candle formation last week (in comparison to earlier week) and current week also inside candle formation seen since 2 days (mon, tue) based on last week, so its like inside candles since 2 weeks. So wait time for a big movement either on upside or downside.
Upside if it breaks, needs a lot of strength though to go up further and a retest of it can make a better price action movement.
Contrary on downside can be a little quick due to no support at weekly levels. Lets see
Please note its a weekly time frame!
Upside if it breaks, needs a lot of strength though to go up further and a retest of it can make a better price action movement.
Contrary on downside can be a little quick due to no support at weekly levels. Lets see
Please note its a weekly time frame!
Note
see how beautifully it broke down and took support before scaling up while forming a bullish flag pattern
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Related publications
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.