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AfnanTAjuddin
10. Okt. 2022 19:39

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

Beschreibung

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.

Kommentar

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

Kommentar

*Good Example
Kommentare
rajeshsomasundaram18
Now it seems like the retest and breakout is happening with the decent volume as well.
Could you check the same please?
AfnanTAjuddin
@rajeshsomasundaram18, you are correct.
b9nk6
I think your lookout is current
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