Looks like the institutions are trying to enter after further fall. Even though the trendline has been crossed, there is an absence of strong candle which clearly indicated that market is waiting for the something to either go up or down. Might be waiting for the upcoming results.
Unless you see a strong green candle coming out of the box just like the fully grown Butterfly from its cocoon, Do not enter.
Until then, extend the box to the further right and take trades accordingly or avoid until it breaks to some side.
Unless you see a strong green candle coming out of the box just like the fully grown Butterfly from its cocoon, Do not enter.
Until then, extend the box to the further right and take trades accordingly or avoid until it breaks to some side.