Price manipulated the consolidation by breaking downwards and then moving upwards, which was followed by a change of character after breaking recent high and further by break of structure after breaking overall high. Now the price has come to liquidate the order block where we can mark our entry.
Price is in sustained up trend. After 1st Break of Structure(BOS) the price came for Retracement at 60% At 60% retracement the sellers lost momentum which was evident Because the lows were getting liquidated (₹Grab) After grabbing the liquidity above mentioned, price changed character by breaking a recent high, which was followed by another BOS. 2 Order blocks...
Declining volumes Liquidity pool resting below the consolidation Two order blocks, waiting to get filled No higher high has been created on shorter TF
It is clearly noticeable that Exide Ltd. has changed character from bullish to Bearish and the order flow of this stock is also now bearish. The price has retraced back to 70-80% Discount area as ascertained from Fibonacci tool and coupled with a strong order block which initiated the previous downfall leaving behind a huge impulse, it gives us further...
As we can notice clearly that Exide Ltd. has changed character from bullish to Bearish. The order flow of this stock is now bearish. The price has retraced back to 70-80% Discount area as ascertained from Fibonacci tool and coupled with a strong order block which initiated the previous downfall leaving behind a huge impulse, it gives us further confirmation for...