A breakdown analysis
Updated
On January 2021 script entered a upward rising channel but was struggling to touch upper line of the channel
Watch closely 28 oct to 18 nov a breakdown from a small consilidation and also breakown occured with a ADX started to move upwards to 25 and above which further supports the running trend which is a downward trend
Took support on previous zone consolidated for 14-15 day and gave breakdown as soon as the breakdown occurred we can see ADX again showing strength reaching further upside near 45
Retesting the supply zone falling the script might enter a sideways trend or it can show further downside
Watch closely 28 oct to 18 nov a breakdown from a small consilidation and also breakown occured with a ADX started to move upwards to 25 and above which further supports the running trend which is a downward trend
Took support on previous zone consolidated for 14-15 day and gave breakdown as soon as the breakdown occurred we can see ADX again showing strength reaching further upside near 45
Retesting the supply zone falling the script might enter a sideways trend or it can show further downside
Trade closed: target reached
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