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
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