Falling Wedge Breakout.
The orange line in this chart seems to be a very significant line providing early directions of rallies.
Instead of me explaining, a few minutes of observation could give you a better understanding.
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Not a recommendation.
Very strong on charts with fresh breakout.
Volumes are good.
One can go long here.
WENT LONG AT 1580
SL: 1485 ON DAILY CLOSING BASIS.
###ALWAYS DO SELF ANALYSIS AND CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING A TRADE###