Sometimes, We should just observe how beautifully the market works.
Reliance Industries 4H Explanation.
As we could see. Reliance formed a low on the first green Box, Indicating the first low it made.
It hit that zone and made an amazing recovery from there.
Why did this happen?
That was the high liquidity zone where Institutional traders set their buy orders.
These orders were filled, we can see this from the Big Green volume candle.
It Then formed a second Low in the yellow zone, which acted as another Highly Liquid Zone.
Respecting this, The market again went down to fill the orders of the Institutional traders in a wick. and market recovered, also, price never returned to that level again.
And Now moving towards a breakout.
The two green Lines would be my Target!
For more such content, Stay Tuned!
Reliance Industries 4H Explanation.
As we could see. Reliance formed a low on the first green Box, Indicating the first low it made.
It hit that zone and made an amazing recovery from there.
Why did this happen?
That was the high liquidity zone where Institutional traders set their buy orders.
These orders were filled, we can see this from the Big Green volume candle.
It Then formed a second Low in the yellow zone, which acted as another Highly Liquid Zone.
Respecting this, The market again went down to fill the orders of the Institutional traders in a wick. and market recovered, also, price never returned to that level again.
And Now moving towards a breakout.
The two green Lines would be my Target!
For more such content, Stay Tuned!