MCX Nice setup of a bear trend
Om Namah Shivay.
MCX has been showing a nice setup.
There are multiple confirmations of a change.
1. The beautiful Head and Shoulder pattern
If breaks the neckline below, brings the price much
lower.
2. Also the counting with EW, brings a possible movement.
It can be a smaller flat structure where price does not
move below C, but that is an alternate option.
3. The divergence on a 1 hour price chart, brings a region
of potential watch.
This is only for education purpose. No trading suggestions are provided.
Om Namah Shivay
MCX has been showing a nice setup.
There are multiple confirmations of a change.
1. The beautiful Head and Shoulder pattern
If breaks the neckline below, brings the price much
lower.
2. Also the counting with EW, brings a possible movement.
It can be a smaller flat structure where price does not
move below C, but that is an alternate option.
3. The divergence on a 1 hour price chart, brings a region
of potential watch.
This is only for education purpose. No trading suggestions are provided.
Om Namah Shivay
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.