DIVISLAB Channel formed |Head & shoulder |Time to "decide trend"

7 Nov 2022

• As shown on chart DIVISLAB shows channel formation . Current red candle is showing respect to the channel's resistance trendline.

• Historical Support is there from 3350.10 to 3435.00 shown on chart. •Above 3981.90 Trend can be change with the formation of Higher High's (HH) and /Higher Low's (HL) .


• Chanel deciding the price.



• Head and shoulder Pattern : Let decide the trend as we can see head and shoulder on bigger timeframe, therefore , 3981.90 We can consider it as a Flip level , otherwise downside fall can increase.



• History can repeat : choose the trend.