- High 3 (this can is attracting buyers/scalpers/chartist attention)
-> High of the candle is higher than H2, and H2 is higher than H1.
- Volume is on average as normal.
- The trading range is tight and high trading activities and price rotation found.
- We have found a similar candle of H3.
- Scalper targets might be near 309 and swim traders can think for 318.5-320
The concluded: that 80% by 20% chance to move 309 and 318.5.
I'd like to give a special thank-you to @kavibharath252 who made fundamental research on JSWSTEEL and Technical Triangle on it.