MAHINDCIE - Stong Resistance Zone (Since 2015) has been broken

Opis

⋅ 10 paź 2022 19:39

Bull dominance is still required to avoid a false breakout even though Strong Resistance Zone (since 2015) has been broken. If bulls are unable to push the price further higher, the breakout could be fake.

Komentarz

⋅ 1 gru 2022 06:58

As we predicted, bull dominance is necessary, and bulls must push prices higher side to prevent false breakouts. However, as we can see, they failed to do so, and we saw false breakouts.
THIS IS VERY FOOD EXAMPLE OF FALSE BREAKOUT

Komentarz

⋅ 2 gru 2022 16:24

*Good Example

Komentarze

rajeshsomasundaram18

⋅ 18 gru 2022 18:10

Now it seems like the retest and breakout is happening with the decent volume as well.
Could you check the same please?

AfnanTAjuddin

⋅ 19 gru 2022 06:01

@rajeshsomasundaram18, you are correct.

b9nk6

⋅ 12 paź 2022 06:15

I think your lookout is current

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