CDSL (Weekly TF): -It has given Breakout from chanel and has also re-tested the chanel -As per Wykoff study, there is Shortening of Thrust and along with SOT, there is Reverse use of trendline -On confluence support of 20 and 50 Weekly Moving Average -Along with this, there is .50 Level Fibonacci support level
Note: The above analysis is just for educational purpose.