1. MARKET is clearly UPTREND
2. 50%FIB acting as now SUPPORT which was previously a RESISTANCE
3. SIGNALS formed at 50%FIB (SUPPORT):-
(i) PINBAR:-at the TROUGH of LEFT SHOULDER(confirmed by 21MA cross)
(ii) BULL.HARAMI :- at the TROUGH of RIGHT SHOULDER(confirmed by 21MA cross)
WHAT NEXT?
INVERSE HEAD & SHOULDER has allready given BREAKOUT @ NECKLINE.
INVERSE HEAD & SHOULDER upon completion, signals a BULL MARKET.
TRADERS typically ENTER into a LONG POSITION when the price rises above the RESISTANCE of the NECKLINE.
So either we can enter the trade with appropiate STOP LOSS or can enter after RETEST.
TARGET :- 160POINTS
NOTE:-SIGNALS like PINBAR/HARAMI/ENGULFING at 50/60%FIB or S/R level or S/D or MA cross increases probability of our trade.
2. 50%FIB acting as now SUPPORT which was previously a RESISTANCE
3. SIGNALS formed at 50%FIB (SUPPORT):-
(i) PINBAR:-at the TROUGH of LEFT SHOULDER(confirmed by 21MA cross)
(ii) BULL.HARAMI :- at the TROUGH of RIGHT SHOULDER(confirmed by 21MA cross)
WHAT NEXT?
INVERSE HEAD & SHOULDER has allready given BREAKOUT @ NECKLINE.
INVERSE HEAD & SHOULDER upon completion, signals a BULL MARKET.
TRADERS typically ENTER into a LONG POSITION when the price rises above the RESISTANCE of the NECKLINE.
So either we can enter the trade with appropiate STOP LOSS or can enter after RETEST.
TARGET :- 160POINTS
NOTE:-SIGNALS like PINBAR/HARAMI/ENGULFING at 50/60%FIB or S/R level or S/D or MA cross increases probability of our trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.