1. uptrend intact on higher timeframe
2. a distorted head and shoulder has formed at top, not activated yet.
3. price is above 20 and 50 dema that will act as support on any downmove
4. a low bar count tight pennant has also formed
trade:- wait for break and close on either side, secured trade on bearish side as there are dynamic and static supports available
2. a distorted head and shoulder has formed at top, not activated yet.
3. price is above 20 and 50 dema that will act as support on any downmove
4. a low bar count tight pennant has also formed
trade:- wait for break and close on either side, secured trade on bearish side as there are dynamic and static supports available