ABB | A PRICE ACTION STORY
All price action tells a story. This is MY interpretation of the story of ABB. Based on this, a trade will be taken above 2349 for a RR of 1:1.5. Levels in the chart. Note that the Target is set based on the past support trendline, which will now act as resistance.
1) Price was bouncing off a support line established since September 2021
2) After a violation of support line,
3) A huge spike in volume confirmed the break to the upside
4) Hence a long trade will be taken
HAPPY TRADING! ;))
1) Price was bouncing off a support line established since September 2021
2) After a violation of support line,
3) A huge spike in volume confirmed the break to the upside
4) Hence a long trade will be taken
HAPPY TRADING! ;))
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