1. Bullish market structure on HTF 2. Tapped into the demand zone 3. Turning the previous swing level into a support 4. Rebound from 200 MA 5. Creating a confluence zone of swing level + demand zone + 200MA
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (@johntradingwick) NSE Certified Technical & Fundamental Analyst
also formed higher high and higher low into the area of support , looking for 550 level . how it would react . sellers already loosed their connfidence when it surged from support almost 6%
johntradingwick
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@ashish700, "Also formed higher high and higher low" - Yes, I have mentioned that. It's called a bullish market structure.