Bullish Marubozu is a candlestick pattern which has no wicks or shadows & looks like occuring in the middle of the correction
Holding 161 as key level going above 165- likely it travels in the previous high swing zone of 172-173- where it shall finish its correction & start a downside move but one thing at a time. Currently it looks upside with key support 161.
Holding 161 as key level going above 165- likely it travels in the previous high swing zone of 172-173- where it shall finish its correction & start a downside move but one thing at a time. Currently it looks upside with key support 161.
Trade active:
09:35 Hrs 13th Oct2016
It did not hold 161 which was key level & made a low@158.10- Let me come back again
It did not hold 161 which was key level & made a low@158.10- Let me come back again
Trade active:
13:55 Hrs 13th Oct2016
Trading@152
Pattern Failures are also one of the patterns.
That is the reason why I play with the key levels- BOB opened in 161.10 from opening session itself it was in a pressure cooker situation. Very Hot for Bulls to handle. Going above 165 would have confirmed that bulls are interested.
Trading@152
Pattern Failures are also one of the patterns.
That is the reason why I play with the key levels- BOB opened in 161.10 from opening session itself it was in a pressure cooker situation. Very Hot for Bulls to handle. Going above 165 would have confirmed that bulls are interested.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)