Hi @bhikhu65
As of now looking in downtrend Made a Double Top and fell from there Price gets retraced and find its rejection Zone/Supply Zone , Rest I can see one gap is there and made support and resistance for you bigger picture will clear above and below only.
123 reversal setup is a basic on-chart formation, that warns about upcoming trend reversal.
Setup
The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points.
Rest you can read about 1-2-3 Reversal pattern strategy, you will get Clear Picture.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
As of now looking in downtrend Made a Double Top and fell from there Price gets retraced and find its rejection Zone/Supply Zone , Rest I can see one gap is there and made support and resistance for you bigger picture will clear above and below only.
123 reversal setup is a basic on-chart formation, that warns about upcoming trend reversal.
Setup
The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points.
Rest you can read about 1-2-3 Reversal pattern strategy, you will get Clear Picture.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Commento:
doing as per expectations.