https://www.tradingview.com/x/feEnu9uO/ The logis is as follows:
1) Last 3 weekly close was above the demand zone, 835.4 to 792.7.
2) 835.4 was very important pivot (Close of week 28-Nov-22 to 02-Dec-22), which was tested many times (8 times by the weekly candles) after the breakout in the week, (08-May-23 to 12-May-23)
1) Last 3 weekly close was above the demand zone, 835.4 to 792.7.
2) 835.4 was very important pivot (Close of week 28-Nov-22 to 02-Dec-22), which was tested many times (8 times by the weekly candles) after the breakout in the week, (08-May-23 to 12-May-23)
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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.