In the chart i could see the parallel channel
is respected perfectly with 5 touchings at the bottom. Morning star candlestick
pattern occurred in 1 hr
timeframe and hammer
formed in 1 day timeframe with huge volume
. But here is the confusion, there is a formation of double top
chart pattern even with little a retracement. So as per the movement in Monday i'll take a trade on either reversal or breakout accordingly.
Please comment if anyone is having the idea on further movement(reversal or breakout) with logic.