Evening Star
Another reversal pattern at important juncture,
It seems like profit booking has occurred at supply zone.
Evening Star formation:
The support holds at low of first candle and same level has been tested today
17300-350 level is the point of the control zone, it has maximum volume spread.
Price pattern has created a confluence zone,
It would act as strong support but if it goes below it, heavy selling is likely to occur
It seems like profit booking has occurred at supply zone.
Evening Star formation:
The support holds at low of first candle and same level has been tested today
17300-350 level is the point of the control zone, it has maximum volume spread.
Price pattern has created a confluence zone,
It would act as strong support but if it goes below it, heavy selling is likely to occur
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