REEF ON DAILY CHART

On the first day itself, Reef had a huge volatility in price movement. Since then Reef has been trying to get to atleast 38.2% Fibonacci retracement but and failed multiple times. We also noticed that the support area has been tested multiple times and there was increase in the volume too. Reef tried to break its second lower high but couldn’t sustain Bearish pressure. Since then we can see decrease in green candles & increase in red candles.
Reef, while posting this is trading near the support area for 5-6th time but there’s an increase in red candles indicating that bears might be in control and Reef can break the support. Trade safe