Classical double top rejection with Triangle patter. It may lead to Short or long as per the level suggestion. It has also volume profile which suggest more selling pressure.
Note
This is big trend analysis. Ones either side will be broken it will give huge moves. bellow 5500 and above 6500.Trade active
Almost there to break this levels.Note
Above 6400 it will remain bullish only. Think about upside only.Note
Look at the weekly candle formation. looks like breakout. if yes it will have big targets. Note
Again re-claiming the breakout. Lets see what is next.
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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.