as on my previous analysis, market didnt break out instead it went up to form third touch, and as know that 90 percent of the times market obeys the third touch formation
looking at the current price
the market is forming raising flag and third touch on the trendline
that is confluence, after impulse, we know we get correction, after correction we get the impulse
mean the market is giving us confirmation of sell
looking at the current price
the market is forming raising flag and third touch on the trendline
that is confluence, after impulse, we know we get correction, after correction we get the impulse
mean the market is giving us confirmation of sell
Related publications
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.