Fundamentally not so strong but the bearish moment is now fighting.
We do not have only one confirmation.
On Weekly Chart, We have a sluggesh Head and Shoulder pattern .before its tripple bottom .
The two patterns were undervalued by investors which lead the weekly close below its monthly support (note: monthly support was also confirmed by 61% Fibb...
The support zone had been drawn on Daily FM.
It was in the channel for as long as 180 days.
The channel was broken in October 28 providing with the 52% return.
The weekly support at 79 is already confirmed by 61% Fibbonacci from its current uptrend.
A close and candle pattern above this level will boost the price further to 136.
Traders Please avoid the above....
It Created 4 Ws on Daily Time frames.
Two with Double Top and Two with Thriple Top.
The Trend line of First W was not broken and the price went up
The Trend line of next two Ws with Thripple Top broken and the price Went down.
As per this trend the current W is with Double top we will wait for a daily close above its trend line A close above that Trendline...
