Stage-1 : Accumulation has been done with good volumes.
Stage-2 : Breakout at 657 in to Stage-2. (Trending portion of the trend).
Retest : It is now retesting the breakout level. It is the spot where risk will be very low compare to reward.
If it will close below stage-2 breakout again , It fails.
Stage-2 : Breakout at 657 in to Stage-2. (Trending portion of the trend).
Retest : It is now retesting the breakout level. It is the spot where risk will be very low compare to reward.
If it will close below stage-2 breakout again , It fails.
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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.