Monthly chart of HEXIND showing price has been discounting/retracing until 50% Fibo after breaking to all new time high. What do you think when there is a sale 50% of a product? That means to attract buyers right? Sell volume looks has diminished and buyers could anytime come in. 0.460 is pivot area and could become SBR. TAYOR.
Commentaire:
RSI and AO had shown bullish divergence, and currently price is rejecting previous last 2nd lower low and looking to form HnS pattern. Candlestick pattern also forms dragonfly doji which bullish candle.