Hello traders!
Most of the traders missed the selling opportunity on the breakout of 23-24th dec but you can catch the next sell on the bullish breakouts of a trendline which is starting from the peak.
I am expecting a 'J' pattern after the breakout and then expecting a hard fall from 49842 true reversal point which will take it to 31665 true reversal point.
What is 'J' pattern?
It is a pattern that looks like a 'J' shape and if it is formed above broken resistance/trendline then the market will reverse.
Don't forget to hit the like button and follow to stay connected.
Most of the traders missed the selling opportunity on the breakout of 23-24th dec but you can catch the next sell on the bullish breakouts of a trendline which is starting from the peak.
I am expecting a 'J' pattern after the breakout and then expecting a hard fall from 49842 true reversal point which will take it to 31665 true reversal point.
What is 'J' pattern?
It is a pattern that looks like a 'J' shape and if it is formed above broken resistance/trendline then the market will reverse.
Don't forget to hit the like button and follow to stay connected.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.