price took bottom in between 80-60 range after continuous falling then rose to 200 level failed to break. Which is a resistance level. After 6months it again tried and broken that level successfully. Now price took the same level as support. We can see supporting volumes...wonderful structure..
for a learner good stuff to observe...
price is forming Roundign bottom pattern...and pattern is supported with big volume candles which indicates footprint of institutions..if accumulation ia over..then breakout should happen..then only we should consider..wait for breakout..if breakout happens and sustains then good upward journey will be possible..for learning ..good to observe
PRICE IS FORMING FLAG PATTERN..MEANS PRICE IS CONSOLIDATING..IF BRTEAKOUT HAPPENS THEN ONLY PATTERN WILL BE CONFIRMED...AND IF IT BREAKS OUT AND SUSTAINS THEN WE WILL SEE GOOD UPWORD MOVE..GOOD TO OBSERVE FOR BREAKOUT
PRICE HAS FORMED CUP PATTERN SOON IT MAY TURNS INTO CUP WITH HANDLE..AND IS AT ITS ALLTIME RESISTANCE LEVEL..IF IT BREAKS AND SUSTAINS..THEN PRICE WILL ENTER INTO BLUE SKY ZONE...GOOD STUFF TO OBSERVE FOR A LEARNER
PRICE HAS FORMED BASE AND TRIED TO BREAK THE LEVEL AND FAILED ..BUT IT HAS BREACHED THE LEVEL WITH GOOD MOMENTUM AND WITH SUPPORTIVE VOLUME..ANOTHER OBSERVATION IS PRICE TOOK THE BROKEN RESISTANCE LEVEL AS SUPPORT..IF IT SUSTAINS THEN ITS JOURNEY TOWARDS ANOTHER LEVELS WILL START...FOR LEARNING..GOOD STUFF TO OBSERVE..