The world's 28th ranked asset has broken the pivot's 1st support and now moving toward second pivot support.
The volume profile show that the price action has entered in the area where so far the traders are less interested which can move the price back above
1st pivot support and this may lead to shark pattern insha Allah, but if the trader still get active in this area and continue to sell off then we can see the priceline hit the second pivot support on day chart which can lead to form a cypher pattern.
The over sold condition of RSI can play an important role to support the price action insha Allah.
At the moment I have defined the sell target according to shark but if the cypher pattern will be formed then I will update the chart accordingly insha Allah.
Regards,
Atif Akbar (moon333)
The volume profile show that the price action has entered in the area where so far the traders are less interested which can move the price back above
1st pivot support and this may lead to shark pattern insha Allah, but if the trader still get active in this area and continue to sell off then we can see the priceline hit the second pivot support on day chart which can lead to form a cypher pattern.
The over sold condition of RSI can play an important role to support the price action insha Allah.
At the moment I have defined the sell target according to shark but if the cypher pattern will be formed then I will update the chart accordingly insha Allah.
Regards,
Atif Akbar (moon333)
Trade active:
Yes it is going for shark and produced more than 50 percent sofar by the grace of Allah the most high