A BO to the North was expected due to the dominant leg from April 6. The start of the May16 2-legged UPSWING could not hold price, and we see a BO South. And so, its yet to be established, if this is a true breakout of trading range or a false one.
But we're also in a PBZ(Potential Buy Zone) due to the April 6 dominant UPSWING
And so, if price doesn't bounce from here, then we might test the April 06 low.
A break of which would open the door to the Feb 29 low of 1.38350
In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in
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It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my , as I am not good at that exercise.
I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) )
My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.
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