After rejection by strong resistance
on Daily Time Frame the Action has
entered into consolidation.
The Consolidation will last for a period
of 36 days before the break-out and
trend reversal.
This is the region where dump Money
will be lured to create liquidity for SMC.
The SMC will devour the liquidity before
going down on bearish run.
Chart Assessment predicts Trend reversal after consolidation and the resultant trade opportunity short on the break-out.
P.S. The above assessment is purely educational purpose and not intended to recommend any trade suggestion. If any trade is intended that should be based upon personal risk assessment.
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on Daily Time Frame the Action has
entered into consolidation.
The Consolidation will last for a period
of 36 days before the break-out and
trend reversal.
This is the region where dump Money
will be lured to create liquidity for SMC.
The SMC will devour the liquidity before
going down on bearish run.
Chart Assessment predicts Trend reversal after consolidation and the resultant trade opportunity short on the break-out.
P.S. The above assessment is purely educational purpose and not intended to recommend any trade suggestion. If any trade is intended that should be based upon personal risk assessment.
Please like, Subscribe and Share for more informative and useful Chart Analysis.