I have noticed a significant trendline breakout in the weekly time frame. This breakout has caught my attention, as it indicates a potential shift in market dynamics. The price action has surpassed the resistance level defined by the trendline, suggesting a bullish sentiment in the market. I would like to confirm the occurrence of a trendline breakout through the utilization of wave analysis, which is a method that involves the study of price patterns and market trends. According to the wave analysis conducted on the weekly time frame, it has been determined that the current price movement is positioned within wave B.
I am not a registered Sebi analyst. My studies are purely for educational purposes. Before trading or investing, please consult with your financial advisor. I am not accountable for your profits or losses in any way.