CONFLUENCES:
1. ACCORDING TO THE NEW HH MADE.
2. PRICE CREATED NEW LL.
3. WHILE CREATING NEW LL PRICE REJECTED FROM EXPECTED AREA.
4. NOW PRICE CHANGED ITS TREND.
This is only valid after a good valid breakout.
Key confirmations:
1.Trend reversal on 1W time frame.
2.Retracement at 61.8% fib.
3.Breakout near descending triangle with VOLUME is good for short term BUY.
IMP- It is invalidated only if it reaches 78.6% fib.
