I have used Fib trend & TrendLine & Multiple R&S Three Things to Remember 1)Why this Candle Here 2)Where is it from? 3)Now it is....Next what & How, then where to.....
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Since it has retested 240821, bottom. So Multiple confirmation market is alerting am ready to go on my Main trend. 3conformations A) Sellers becoming forming flat bottom mean no more lower lows on Monthly and Weekly. B) Daily pattern consolidation & Ready for break out. C) Be watchful for entry. Never miss out bottoms. As SL (risk will be small) and reward will be High
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My 1st Tgt is 608+ and 2nd Target is 672 and go on
Hi, thanks for the analysis. What do you think of the price now?
shaneanthony135
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Hello @rayd007,
Thanks for your response.
What i see is, The Price is Still between Golden Ratio 0.618%(491) & 533.55(till date Monthly Close.
As far as it doesn't break 491 and close below on weekly.
Seller is not concerned for Lower lows. Hence am Bullish.
Therefore my plan is i will buy small quantity and again at retest confirmation i will add on.
Near Month is what i Look Forward.
Thank You,
at same may i Understand.
What see is i believe.
But market can have its own way.
So let me learn whats your stake on this price as of now
shaneanthony135
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Am Shane Anthony,
Studying in 4th Std. St Joseph's Boys High School, Watching my father Trading and am learning Paper trade. By another few years I wish to become a Trader.
rayd007
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@shaneanthony135, you are young and sharp.. you have a bright future!