Time frame :- 240 mins
Counter have given reversal from maturity levels of corrective wave 4, now if wave 5 unfolds can give good upmove,,,
have given breakout from falling
on verge to give positive crossover,,
Hidden seen in both indicators where price making higher low and Indicators making lower low,,
FAlling formation in wave 4,, once price breakout is confirmed from this good short covering can be seen in counter,,
Panic low done in price with highest in whole swing,, low of the panic selling not broken ,, means follow through selling is missing and all the traders are on one side of the trade ,, no more left to go short in this counter,, now on reversal all will be forced to cover their shorts..
Good formation for the counter