Indicates good buying level if breaks the consolidation phase. This is an analysis that can be triggered anytime when the consolidation box breaks from upward movement, it will give good target.
It has taken multiple support and sellers are not able to push the price down. Recently double retest was done on trend line resistance(which became support) and horizontal support on bigger time frame (4 Hour). Gave a good bullish engulfing candle. Gave breakout of W pattern and restest also done.
All an indication of incoming bullish breakout.
HAPPY TRADING!
It has taken multiple support and sellers are not able to push the price down. Recently double retest was done on trend line resistance(which became support) and horizontal support on bigger time frame (4 Hour). Gave a good bullish engulfing candle. Gave breakout of W pattern and restest also done.
All an indication of incoming bullish breakout.
HAPPY TRADING!