tester_trading_two

tester_trading_two

Chart Insights : In 4H Timeframe, Nifty was seen consolidating (10th-12 Sep) and gave a impulsive move on the upside breaking the previous higher high. The consolidation before the impulsive move is termed as Order block and that range (Yellow box) is again a great buying opportunity for bigger institutions. Fibonacci and Price Action : Correcting upto and more...

tester_trading_two

in.tradingview.com Daily timeframe tells us it brokeout from the range and moved all the way to previous high/sell zone/liquidity. It is retesting back to the breakout area which also has order block (11th sep candle). From Price action, breakout is usually followed by retest confirming the bullish trend by forming new higher low. If it reverses from the...