Positive Delta formation of past week !
We can see there is positive delta formation on past week's daily candle, but we can see today there is negative delta formation on Monday candle which is yet green in formation, but has negative sentiment on buyer accumulation as its in contrast.
The current daily time frame candle is in constant compression format. which means buyers did try to take a high tall from yesterdays lows but the current market is not able to cheer up the price any further hence resulting on negative delta formation.
Current recommendation is
Buy only if price breaks today open high price with SL as todays candle low.
The current daily time frame candle is in constant compression format. which means buyers did try to take a high tall from yesterdays lows but the current market is not able to cheer up the price any further hence resulting on negative delta formation.
Current recommendation is
Buy only if price breaks today open high price with SL as todays candle low.
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