- Consolidation for the last few months seems over. - Sharp rise from established DEMAND ZONE and consolidating near resistance line. - Buying volume seems much more convincing than the selling. Can give a good 15-20% rally to the next supply area. - Halting near resistance line. Seems to soak up all the selling pressure.
** Entry can be made immediately upon breakout or upon retest of the down trendline.
Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.
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