If you shift to 2 hr time frame you will notice that market is in a falling channel making lower lows and lower highs
Market also making reversal patterns at either ends of channel so while creating a position and anticipating reversal this analysis can help to arrive at a better decision.
Market also making reversal patterns at either ends of channel so while creating a position and anticipating reversal this analysis can help to arrive at a better decision.
Note
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Bullish candlestick pattern formed at lower end near minor support market may take a pause over here.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.