In the chart the last candle is a fake short candle due to the reason is that volume of previous three bars are higher high and this candle volument has no strength.
2. The price fall not more than average of last 5 candles.
3. price not close lesser than last 5 candle.
4 . Mainly as per the LBLS indicator shown in the chart , the strength is green ,bull is in uptrend .
5. No strengthmeter in the current bar shows weakness to short it .
All this points making conviction that price will be going up and it will touch 5400 in the next two days.
Comment
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price reached 5340 ( 60 points missed to 5400) lets hope it to happen . Here is the screenshot
Such a great indicator! Looking forward to making this one of my top ones!
vumanchu
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using LBLS this script is murdering it!
RaniNair
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Great TA man, made an outstanding profit from your Monday call, none of us can call them correct all the time but you are darn spot on :)
I am delighted to let you know that I am now 7/8 winning trades, just could not have done this without your LBLS indicator.
Would love to see more of your TA.
Have a blessed day!