🔍 Structure:
- Potential Double Bottom formation at a key support zone
- Two clear rejections from similar price levels
- Indicates possible demand presence
- Share is trading above 50D & 200D SMA
📈 Volume Insight:
- Noticeable volume increase on second bottom
- Suggests higher participation compared to first dip
- Often discussed as a sign of strength building
🏗️ Current Price Action:
- Price moving upward after second bounce
- Approaching a previous supply zone (resistance area)
- This zone has history of selling pressure
🎯 Levels to Watch (Study Purpose):
Support / Invalidation (SL reference): Below recent swing low
Upside Levels:
650 – First reaction zone
700 – Psychological / mid resistance
800 – Higher supply / extended move
🧠 What to Observe:
- Reaction at supply zone (rejection vs breakout)
- Volume behavior near resistance
- Whether price can sustain above supply (structure shift)
⚠️ This is not a trading recommendation. Shared only for educational and observational purposes.
- Potential Double Bottom formation at a key support zone
- Two clear rejections from similar price levels
- Indicates possible demand presence
- Share is trading above 50D & 200D SMA
📈 Volume Insight:
- Noticeable volume increase on second bottom
- Suggests higher participation compared to first dip
- Often discussed as a sign of strength building
🏗️ Current Price Action:
- Price moving upward after second bounce
- Approaching a previous supply zone (resistance area)
- This zone has history of selling pressure
🎯 Levels to Watch (Study Purpose):
Support / Invalidation (SL reference): Below recent swing low
Upside Levels:
650 – First reaction zone
700 – Psychological / mid resistance
800 – Higher supply / extended move
🧠 What to Observe:
- Reaction at supply zone (rejection vs breakout)
- Volume behavior near resistance
- Whether price can sustain above supply (structure shift)
⚠️ This is not a trading recommendation. Shared only for educational and observational purposes.
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.
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.