Reason for long a) mini triangle formation. b) previous huge volume buying happened as indicated by volume bars. c)Current mini triangle and bear volume is low - So possibility of long. d)Any big gapdown or gap up invalidates the set up. For intraday only and SL compulsory
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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.