On Daily TF, AB=CD pattern has been drawn.
RSI indicator suggests that a hidden bullish divergence is in play at the moment which is taking prices up. Moreover, Klinger Volume Oscillator suggests that a Bull run is about to begin but at a slow pace; if in next couple of days Volumes are generated then chances will become even brighter for the bull run.
Price is currently testing previous Higher High. If it is broken by a significant margin only then taking entry in the trade is in order. Fib Extension Tool has been used to arrive at a TPs.
My Suggested Trade Values
Entry (BUY STOP): 74
Stop Loss: 61 (Lower than previous LL)
TP-1: 82.19
TP-2: 86.67
RSI indicator suggests that a hidden bullish divergence is in play at the moment which is taking prices up. Moreover, Klinger Volume Oscillator suggests that a Bull run is about to begin but at a slow pace; if in next couple of days Volumes are generated then chances will become even brighter for the bull run.
Price is currently testing previous Higher High. If it is broken by a significant margin only then taking entry in the trade is in order. Fib Extension Tool has been used to arrive at a TPs.
My Suggested Trade Values
Entry (BUY STOP): 74
Stop Loss: 61 (Lower than previous LL)
TP-1: 82.19
TP-2: 86.67
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.