Coal India showing Ross Hook pattern
Coal India showing Ross Hook pattern :
Reasons/Traits :
• Ross Hook Pattern formation can be seen
• It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
• Price took support @ 0.5 fib retracements levels
• Volume and RSI decreasing
• Bullish Bat formation taking place (not confirmed yet)
What can happen next :
Scenario 1 : Price sustaining above 185 level can take it to 192/200/205/210/220 levels
Scenario 2 : Price break down below 177 levels can take it down to 170/164/160/152 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Reasons/Traits :
• Ross Hook Pattern formation can be seen
• It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
• Price took support @ 0.5 fib retracements levels
• Volume and RSI decreasing
• Bullish Bat formation taking place (not confirmed yet)
What can happen next :
Scenario 1 : Price sustaining above 185 level can take it to 192/200/205/210/220 levels
Scenario 2 : Price break down below 177 levels can take it down to 170/164/160/152 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Not
scenario first two targets hitNot
scenario 2 all targets hit and bullish bat harmonic pattern completedİşlem kapandı: hedefe ulaştı
until resistences broken, it wont go up..
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.