HCAR has been in Bearish Channel which actually acts as Bull Flag.
It went below the channel in false breakdown to facilitate Selling Climax which is transfer of possession from Weak Hands ( Individuals ) to Strong Hands ( Institutions ).
This process and its components are actually a fuel for future uptrend.
Low Wave volume during Selling Climax/ Bear Trap are signs of Fake Breakdown to influence weak hands to sell their shares so that institutions have ownership during uptrend
BUY HCAR 290-300
TP1 320
TP2 340
SL BELOW 280
It went below the channel in false breakdown to facilitate Selling Climax which is transfer of possession from Weak Hands ( Individuals ) to Strong Hands ( Institutions ).
This process and its components are actually a fuel for future uptrend.
Low Wave volume during Selling Climax/ Bear Trap are signs of Fake Breakdown to influence weak hands to sell their shares so that institutions have ownership during uptrend
BUY HCAR 290-300
TP1 320
TP2 340
SL BELOW 280
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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.