DIVISLAB Channel formed |Head & shoulder |Time to "decide trend"

893

• As shown on chart DIVISLAB shows channel formation . Current red candle is showing respect to the channel's resistance trendline.

• Historical Support is there from 3350.10 to 3435.00 shown on chart. •Above 3981.90 Trend can be change with the formation of Higher High's (HH) and /Higher Low's (HL) .


• Chanel deciding the price.

snapshot

• Head and shoulder Pattern : Let decide the trend as we can see head and shoulder on bigger timeframe, therefore , 3981.90 We can consider it as a Flip level , otherwise downside fall can increase.

snapshot

• History can repeat : choose the trend.

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