1: is sign of weakness on down trend channel 2: consolidate buildup on that zone, if break onthis channel with high volume 3. I will wait for retest on that channel make sure is not a bulltrap
If go down must be want to retest 31k level must not break that zone else it may invalidate the weakness of downtrend and continue further godown
########################################################################################## DISCLAIMER: This is NOT FINANCIAL ADVICE.. THIS IS FOR EDUCATIONAL PURPOSES ONLY ##########################################################################################
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.