ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE HAS BROKEN THE TREND-LINE BUT VOLUME HAS DECREASED COLLECTIVELY. IT MIGHT CONSOLIDATE ABIT MORE.
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
- PB : PULLBACK
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1645-1650 range of ACC has a high volume cluster rejecting price at higher level. Once the price comes back to this zone, there will be attempt to short again by the same group to protect their position. Can be traded for around 15 point down.