RELIGARE - MONTHLY CHART (INTERESTING PATTERN - NO TRADE YET)
This chart is extremely interesting to study
Look at the pattern
During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale
Second contraction supply got limited to only 50% retracement & in the third it was only 28%
This shows diminishing supply pattern.
Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
Look at the pattern
During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale
Second contraction supply got limited to only 50% retracement & in the third it was only 28%
This shows diminishing supply pattern.
Price action give a successful breakout but went into consolidation. The least line of resistance is 285 & it should be kept on radar
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。