Methodology- Demand & supply
By using multiple time frame analysis we have our zone at the best location and to top it up, it coincides with the intermediate time frame which gives the lower time frame zone the strength to push stock price upward. This can act as a trap for convention technical analysis as they will be selling at the zone where the chart is...
The leg out candle is strong, the basing & trap formation gives the confidence. However the probablity scoring is 4.5 out of 8. We will need to check for trend when prices are near
