Thanks for reading, Liking, Commenting and possibly if you are new here start by clicking the follow button on this post.
Yes the bulls are serious about the on the Bigger trend channel as bears have failed to break out of the (big channel highlighted in green ) but inside this big trend channel is nested some smaller trend channel created by the past few days pump by the bulls.
If you are well known to Price action and channels, then you know that its likely we retest the start or beginning of the small channel at around the breakout point from the also nested inside the bigger Trend Channel.
OH Yes! I know the fall wont be easy because of the current trading range form around 11200 to 11700 zone meaning chances of breakout at either side is high but......Retest of breakout point looks higher at the current point.
4Hrs chart, we see that price has made it to the middle line of the bigger Channel and something else seems to have formed just below that middle line.....H & S( you right its a possible head and shoulder range forming. Can the bulls escape this one?
let me know in the comment section below