Weekly breakout filter on stock edge analysis on 2 h time frame

On stock edge weekly breakout analysis, price has given a breakout.

2H time frame study shows price has reached the trendline, and getting rejected from there.

We should take trade in downward direction instead of up direction of breakout of weekly time frame.

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.