HASCOL has given breakout of previous channel ( blue ) and has now switched to new channel (yellow). It has completed 50% retracement of the breakout. I t is expected to rebound from current level or nearby FVG (Fair Value Gap) after going through spring/bear trap. It'll be a good buy only after some bullish confirmation. For now it is wait and watch strategy
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.