After all the love I received on the NBCC chart, here I bring another very similar chart from the consumption sector.
As I see that the consumption sector is now the one to be watched out, it is better to place our bets there.
These are some points to note:
1. The base formation that absorbed all the supply from 5 months.
2. Price trading in higher-highs and higher-lows formation from April.
3. Breakout candle is great in size with big volumes. Volume support has been good on green days.
As I see that the consumption sector is now the one to be watched out, it is better to place our bets there.
These are some points to note:
1. The base formation that absorbed all the supply from 5 months.
2. Price trading in higher-highs and higher-lows formation from April.
3. Breakout candle is great in size with big volumes. Volume support has been good on green days.
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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.
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.