- Retesting previous resistance level
- Formation of massive Bullish Engulfing candle
- Spike in Volume
- Wait for the price to sustain above resistance and then go Long.
- Rejection from resistance will move the price to the previous support level of 71-73.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Global Community Manager,
TradingView
TradingView
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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.
Global Community Manager,
TradingView
TradingView
Related publications
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.