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
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.