- This is one beautiful price action. One that we see in a textbook.
- 1.7 years of Pure range-bound market - Support and resistance respected. - A retracement prior to breakout - Weak hands are moved out - A strong breakout beyond the 3000 mark - The psychological level was no match today. - Although, A sustenance above it is crucial for the momentum to continue.
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Retest complete. After a huge candle breakout, it is always wise to wait for a retest. The 3000 level will be a crucial point for the continuation of the up move.
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Monthly Timeframe
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A decent 7% is In !
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Another 3% Booster:
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Worked better than we thought. We still have a day for the weekly close.
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