👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
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👑 My logic :
1) Strong resistance around 35,800 on 1hr time frame and 1D time frame, means it has to get past these levels with power
on 1hr and had to sustain on these zones for the whole day to give breakouts on both timeframes for a sustained bullish rally ahead
2)In this type of...
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🔥 Dip buying: Strong trendline at a good angle activates buyers to push the price up again after a minor correction in the trend
🔥 Small stop losses with high rewards are seen on this line
🔥 Let it make a green candle on this line, initiate a Long as per your...