5577 Reversal possible at big round number 1000
Reason for long
a) Butterfly harmonics reversal
b) volume profile and bars indicates the line of control towards downside is only to shakeout retail traders for big up move.
c) Good risk reward zone
d) price tend to move in channel
e) Weekly chars shows that a pull back reversal point for big upmove and double bottom.
Sl compusory
a) Butterfly harmonics reversal
b) volume profile and bars indicates the line of control towards downside is only to shakeout retail traders for big up move.
c) Good risk reward zone
d) price tend to move in channel
e) Weekly chars shows that a pull back reversal point for big upmove and double bottom.
Sl compusory
Trade closed: stop reached
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.