Hello traders!
It looks like SC somehow managed to create a loop that keeps breaking new highs. The current formation is also the same as previous ones which means a new high is coming soon.
I started all the trendlines from 29 Jan which is the base of all trendlines. Every new high is the breakout of the base High + previous high's trendline. After making new high Market moves own in a correction form which can be seen very clearly. Once it breaks the correction it runs to Make a new high. In the current scenario, correction is already broken and it is heading towards a new high.
Don't forget to hit the like button and follow to stay connected.
It looks like SC somehow managed to create a loop that keeps breaking new highs. The current formation is also the same as previous ones which means a new high is coming soon.
I started all the trendlines from 29 Jan which is the base of all trendlines. Every new high is the breakout of the base High + previous high's trendline. After making new high Market moves own in a correction form which can be seen very clearly. Once it breaks the correction it runs to Make a new high. In the current scenario, correction is already broken and it is heading towards a new high.
Don't forget to hit the like button and follow to stay connected.