🧐🧐PURE PRICE ACTION, 7 STAR SETUP WITH RETEST🤯🤯
Hi, Trading view family, Today seen an good price action trade on reliance, As we can see that after breaking a long trendine , A retest is made till the trendline , And when we make fibonacci retracement from recent lower low to lower high we can see that it retraces 61.8%,Along with recent beginning of Short Term Correction.Makes this setup a 7Star Setup .So great downside movement can be accepted with more than 1:2 ratio.
Date of Analysis:-27 November 2021
Date of Analysis:-27 November 2021
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