BEL Paving way for INVERTED CUP & HANDLE ??!!!

Chart pattern insist me the above titled opinion

Reasons

1. BEL is in formation of a Inverted Cup & Handle (Handle in progress)
2. Lower high and Lower low formed (confirming bearishness).
3. Gap b/w 15th & 16th Day candle can act as Strong resistance.
4. Target & SL levels mentioned @ Chart.
5. BEL may take support @ Green trendline (Major Support from 2020).

Let's wait & watch how it moves!!!

Note - Just sharing my view...not a tip nor advice!!!

Komen:

Forgot to mention, fib 0.5 level can act as support!!! thus the target set there!!

Dagangan aktif

Dagangan aktif:

Given 1 hr Breakdown with volume, out of consolidation as expected!!!

Dagangan aktif

Dagangan ditutup: sasaran tercapai:

Done!!!

Komen:

Green line channel support!!!! nice jump!!!