UPL price action is now at a unique position. On one hand it is at all time highs trying to breakout above 720 but also formed a bearish AB=CD harmonic pattern.
Which one will prevail?
Breakout - if price closes above 720 & sustain further
Fakeout - If price closes below 720
Let's wait and see price action & see if we can enter Long or Short.
Comentário
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Still lingering around 720 - neither breaking out nor faking out. Wait for the price action to take action either way.
Trade ativo
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UPL has faked out unable to break the 720 barrier.