? Is Ready for BIG upside Movement
Weekly
40 Support/ 200 MA
Daily
1. Price -Double bottom - also at previous supports
2. Pattern- In Triangle- Near Support- Multi Year
3. Volume Diversion - At 1st Limb High Volume- Seems Exhaustion Volume, then at second - Low
3. Volatility Diversion - BB - One limb is outside, the another is inside
4. RSI Diversion
Challenges
1. Daily RSI below 40-
Watch Daily Price action 12th Aug Onward- If 9th Aug 24, high crossed, Can be a good early entry with 12th Aug 24 low as SL.
2. Pyramid at 6900, ie swing high.
3. 1st Target- Triangle upper line
Then wait how trade evolves
Only for educational purpose
40 Support/ 200 MA
Daily
1. Price -Double bottom - also at previous supports
2. Pattern- In Triangle- Near Support- Multi Year
3. Volume Diversion - At 1st Limb High Volume- Seems Exhaustion Volume, then at second - Low
3. Volatility Diversion - BB - One limb is outside, the another is inside
4. RSI Diversion
Challenges
1. Daily RSI below 40-
Watch Daily Price action 12th Aug Onward- If 9th Aug 24, high crossed, Can be a good early entry with 12th Aug 24 low as SL.
2. Pyramid at 6900, ie swing high.
3. 1st Target- Triangle upper line
Then wait how trade evolves
Only for educational purpose
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.