GMDC (Near Deamd Zone)The price shows correction of more than 25% in past one month and approaching to its demand area.
There is only one opposite color candle ( Red candle) in whole impulse leg , we can definitely see accumulation of orders in that particular body of weekly candle.
Confluence to Support the idea.
*Rally Base Rally Formation
*Fib zone 0.5-0.618, The demand zone is exactly alligning with fibonacci levels.
*There is Lower time frames trend line liquidity,which must be taken out before making further move to the upside.
Although Higher time frame seems pretty bullish ,but structural shift in lower time frame, from bearish to bullish must keep in mind. Always Trade with more confirmations.
