"W" neck, a horizontal line at 46892, got retested today. Just have a look on today's & yesterday's 3 min TF Chart and observe what happened around this line. If you join the LOWS OF 10:45 AM CANDLESTICKS on both the previous session, you will observe the upward diagonal nuisance. What it means?
Once this neck got crossed upward by the price, the lows of retests happening 10:27 am candle onwards have been shifting upwards - hence this neck is being converted into support line. That's why there were nuisance around that area.
"DHAKKA-MUKKI"
Still, this gap got covered slightly today. This gap ain't going to be an easy reward Gentlemens!
Key Points:
1. Neck(46892) got retested 1st time in daily TF. - Suspense (....to be continued)
2. Check an "M" pattern in 1 hr TF. "M" neck(47033) got broke down today only. Let's see, if it will survive or not?
3. INDVIX is at the resistance also and looks like unable to hold the buoyant force.
Once this neck got crossed upward by the price, the lows of retests happening 10:27 am candle onwards have been shifting upwards - hence this neck is being converted into support line. That's why there were nuisance around that area.
"DHAKKA-MUKKI"
Still, this gap got covered slightly today. This gap ain't going to be an easy reward Gentlemens!
Key Points:
1. Neck(46892) got retested 1st time in daily TF. - Suspense (....to be continued)
2. Check an "M" pattern in 1 hr TF. "M" neck(47033) got broke down today only. Let's see, if it will survive or not?
3. INDVIX is at the resistance also and looks like unable to hold the buoyant force.
Note
Market gave respect to;1. "M" Pattern 1 hr
2. 2nd Retest on 1st Resistance (Full protocol abiding by. (Suspense = Cleared)
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Disclaimer
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.