Dwarkesh - Long Term - Bullish - Huge Upside Potential
Hi Folks,
Dwarkesh has closed above 30 WEMA in current weekly closing. Recent volume surge in sugar sector indicates smart money doing accumulation. Soft commodities are in major bull cycle; sugar, tea, paper all sectors giving bullish breakouts.
Analysis
1. Current weekly closing above 30 WEMA with a strong candle.
2. RSI breakout on weekly charts.
3. On daily tf, falling wedge breakout.
4.Confirmations marked in order of importance - > 30 WEMA, RSI breakout, volume surge.
5. On long term 0-B trendline marks the overall trend reversal and major confirmation.
6. Targets marked with fib projection.
Not any trade recommendation. Please do your own due diligence. Only for tutorial purposes.
Dwarkesh has closed above 30 WEMA in current weekly closing. Recent volume surge in sugar sector indicates smart money doing accumulation. Soft commodities are in major bull cycle; sugar, tea, paper all sectors giving bullish breakouts.
Analysis
1. Current weekly closing above 30 WEMA with a strong candle.
2. RSI breakout on weekly charts.
3. On daily tf, falling wedge breakout.
4.Confirmations marked in order of importance - > 30 WEMA, RSI breakout, volume surge.
5. On long term 0-B trendline marks the overall trend reversal and major confirmation.
6. Targets marked with fib projection.
Not any trade recommendation. Please do your own due diligence. Only for tutorial purposes.
Trade active
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.