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Three Drives Pattern : Reversal

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There is global bloodbath in the market and we have bad news everyday, so talking about a reversal in this scenario seems insane, however there is a nicely formed Three Drives Pattern and every low of the price is associated with higher MACD values clearly showing divergence. Would it be able to reverse the price only time can tell. It is easy and advisable to follow the trend instead of hunting for trend reversal. But a buy trade is possible only if market trades high of today in coming days. if that happens the low of today should be protecting SL. We can put initial RR ratio of 2 and see how it develops further.
Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.

Dagangan aktif

Doing well

Dagangan aktif

Booked part profit and rest is continuing with trailing stop loss. :)

Dagangan ditutup: sasaran tercapai

Closing the position on Target price :)

praveen.bhatiya

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Penerbitan berkaitan

Head & Shoulder Reversal

oleh praveen.bhatiya

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