The chart is self-explanatory as always.
The price has followed the textbook price action of Breakdown, Retest and continuation.
750 acted as a support previously, Once it was broken, It was retested and failed to cross over.
The price has now given a breakdown of the wedge pattern.
It will be interesting to watch if it reverses from here trapping sellers. Or continues its journey downwards towards 600 - 650 levels.
The question is, Will it bounce back??
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
The price has followed the textbook price action of Breakdown, Retest and continuation.
750 acted as a support previously, Once it was broken, It was retested and failed to cross over.
The price has now given a breakdown of the wedge pattern.
It will be interesting to watch if it reverses from here trapping sellers. Or continues its journey downwards towards 600 - 650 levels.
The question is, Will it bounce back??
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
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Reversal or Retest ????Nota
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.