WEEKLY TIMEFRAME ----We see price formed a W formation indicating a double bottom formation which indicate a strong super bullish uptrend after we break the neckline around 13000 level.
----Price is above the EMA indicating a continuation to upside(uptrend)
DAILY TIMEFRAME
-----Price is consolidating between the upward channel
---- Also EMA crossover in daily timeframe and price are below the ema indicating we might have a slight retracement to downside to collect liquidity before move up
---key zone to watch for liquidity test is around 7500 level cause it was a point of control for accumulation phase
----Price has to break structure 8500 and go below the pick region for a continuation to downside
--- estimate liquidity zone is around 7500 which come in confluence with 78.6 fib level
H4 TIMEFRAME
----Price has formed double top and EMA crossover to dowside. so h4 timeframe and daily are coming together indicating a temporary dowside shift of momentum
----price is forming lower highs and lower lows
H1 Timeframe
---- price is below the ema and we shall see a continuation to down side and key level to watch is the support level of the necklike of double top
-- price as expected to retest the accumulation point of control before moving to upside
DOnt leverage a lot in future trading or margin trading to avoid liqudation
wait for confirmation before taking a trade and ema crossover from daily,h4 ,H1 TIMEFRAME before going long
thanks you
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