Shakthi Pump: Setting For An Upmove
Price has been in a downtrend and has managed stage a turnaround recently. Look at the magenta swing - the momentum and volume. The move manged to clear prior swing high, which resulted in the disruption of the sequence of lower highs & lower lows.
Now look at the fall from the magenta swing high: The fall has been slow and gentle with relatively lower volume. Looks bullish to me. Watch out
Now look at the fall from the magenta swing high: The fall has been slow and gentle with relatively lower volume. Looks bullish to me. Watch out
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