2006 High Break Or Not ?

Aug 29, 2022

**The 2006 high was 1788 or 1800 round.

**price has touched 3rd time to All Time High(1800) ** Key Point--
@@ All Time High act as a Resistance (High Probability)

**There is lower high formation on monthly chart.

**This is a kind of ascending triangle pattern

** When price touched 3rd time, it is not declined so much and range bound at upper level.

**This month it has given a bullish marubozu candle ( higher probability of breakout)

** This type of price action pattern can be used in any time frame.

Keep on Learning!