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.
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