Break out with Good volume - Confidence
Next candle with big WICK with heavy volume - Shows the Buying is still absorbing selling
Next two candles Profit booking Because there are big candles but no Volume - Sellers are not Aggressive
So that's the reason for the entry now also is a good one
All details of analysis are on the chart..
MACD and RSI are at great levels too for both daily and weekly timeframes..
the superimposition method is just a way to estimate the timeframe of price movement and is not indicative of how the actual price movement may happen.. Be Aware of that..Also, timeframe of trade will be less or more than my estimate.. I don't...