As you can see on the hour 1 time frame , this move was a pullback after a breakout. It is a very deep pullback....
How can I say its a pullback on the hour 1 time frame and not a complete reversal sell?
Because the 200 day moving average high and 200 day moving average low should be the dynamic support here.
So this would be a pullback after a breakout in my opinion and I believe we move up from here.
How can I say its a pullback on the hour 1 time frame and not a complete reversal sell?
Because the 200 day moving average high and 200 day moving average low should be the dynamic support here.
So this would be a pullback after a breakout in my opinion and I believe we move up from here.