Bajf had a strong sell of which drove it back below the axis line. There could be a possible short setup which i ll present on the lower time frame. For more information on the Axisline topic read my previous post.
Its not uncommon to see a stock trading within a range but its uncommon to see a stock playing around the axis line in a disciplined fashion on higher time frames.
For an axis line to develop, firstly we should have an uptrend and a downtrend line converging at the apex as in this case. After that we should look for points where the price is rejected multiple...