IMAGE has been trending in perfect uptrend channel.
Though it broke down from the channel but that behavior signifies impending bullish move for three reasons.
1. Price has created Spring or Bear Trap through its recent support level of 18.80 and rebound
sharply upwards in a Liquidity Sweep manner to shake off weak hands
2. Price also took support from major Bullish Breaker Block at 18
3. Wave Volumes support the impending up move
BUY IMAGE 19-22
TP1 25.50
TP2 29.50
SL 17.20
Though it broke down from the channel but that behavior signifies impending bullish move for three reasons.
1. Price has created Spring or Bear Trap through its recent support level of 18.80 and rebound
sharply upwards in a Liquidity Sweep manner to shake off weak hands
2. Price also took support from major Bullish Breaker Block at 18
3. Wave Volumes support the impending up move
BUY IMAGE 19-22
TP1 25.50
TP2 29.50
SL 17.20
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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.