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ATRL - H1/H4 Analysis - 23-02-2023

  • Sarfaraz Ahmad


An intense conflict between the bulls and bears, with frequent changes in dominance, is indicated by a leading diagonal in Black Wave 1 and a regular flat in Black Wave 2. The increase from the low of December 21, 2022 becomes significant when bulls rush in. Again, the current minor running Flat in Blue Wave 2 indicates that bullish momentum will resume. Running flats are reliable indicators of trend resumption.