TCI Express - The stunner called Fibs- a case study
See how the Fib confluence nailed the top in this stock.
That long candle with a small body is a long legged doji indicating reversal.
RSI on two time frame charts was above 80 indicating euphoria.
Even if we missed the top
Its a V shaped fall which is a directional signal.
The clincher is the rally post the fall. It is unable to break above the 61.8% of its swing.
Now see the RSI it has halted in the bear zone.
Conclusion - Study price !! coz everything else is a derivative of price
See how the Fib confluence nailed the top in this stock.
That long candle with a small body is a long legged doji indicating reversal.
RSI on two time frame charts was above 80 indicating euphoria.
Even if we missed the top
Its a V shaped fall which is a directional signal.
The clincher is the rally post the fall. It is unable to break above the 61.8% of its swing.
Now see the RSI it has halted in the bear zone.
Conclusion - Study price !! coz everything else is a derivative of price
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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.