https://www.tradingview.com/x/d50IBtDr/bullish signlas 1.price >3>18> 50 >200 EMA on daily and hourly chart 2. EMA s starting to fan out 3.symmetrical triangle outbreak 4. 3-6 , 12-26,50-100 MACD all are above signal lines and > 0 value 5. price reversal on 200 EMA leg 6. favourable RR ratio (2.5 for intial target 1 )
point of concern 1. price faced resisatance at 224 (previous resistance level) but was quickly suppoted by 16 day EMA and 219 pricelevel pivot ( 10 th nov and 7th dec 2022) and NO formation of three red candles (3 Consecutive candles indicate price reversal)
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target 1 230 done .... more to come
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evening star has formed ...wait for correction to 225 before rentering
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can enetr ay 225 level stop loss 220
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nearing second target of 240
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target achieved .. might correct /consolidate for some time
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