According to my technical analysis, It is forming an ascending parallel channel by creating a bullish Rally. According to the DOW Theory, it is forming Higher Highs and Higher Lows.
When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low.
If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low.
Let's see what happens next
When I pick a trade it is already creating a new High and it needs to be retraced back to create a new Higher Low.
If we see the previous Higher High then it also creates a Shooting Star on Higher High for a retracement. It again creates a shooting star pattern on Higher High so hopefully, it will retrace back to create the new Higher Low.
Let's see what happens next