U turn up on BK trading details......!!!
By looking at the chart, it looks more similar a upside down mountain sloppy hill.
Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategics to make money from falling prices by short-selling.
The big question is that what will be the next move?
So basically it has many answers:
1st it can break the support line with heavy volume and move towards down direction.
2nd it can take the support and move towards up-direction not braking the support line.
3rd by moving slowly zig-zag not breaking the line and creating a value area.
Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategics to make money from falling prices by short-selling.
The big question is that what will be the next move?
So basically it has many answers:
1st it can break the support line with heavy volume and move towards down direction.
2nd it can take the support and move towards up-direction not braking the support line.
3rd by moving slowly zig-zag not breaking the line and creating a value area.
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.