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!
Comment:
see how beautifully it broke down and took support before scaling up while forming a bullish flag pattern
