Maybulk has completed either wave-3 or wave-3(i). Now, he is in the fib retracement range. Can plan entry level at 0.39 & 0.365. However, shall the price stay below 0.365, the uptrend may be invalidated.
An Upthrust Bar is a wide range bar, with a high volume and closing down. It indicates that the prices were marked up during the day , the Trading activity was High as indicated by the High volume and the prices dropped to near the low (or to the low) towards the closing hours.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
