HIKAL-A Fair Compounder with limited downside risk

Schiff pitchfork median line testing
Weekly support S1 marks the short term downside limit
Bullish Reciprocal ABCD has completed formation

Upside to be effected from the bullish RABCD and the ML to ML swing in the pitchfork...
Upside to be halted in pivot region where there can be further volatility and is considered as a safe take profit zone, and then upside might be halted by the weekly R1 resistance, calculated using the traditional system

Here is the pitchfork idea in the weekly chart..

Disclaimer.. No current investment, watching reversal to enter... This is not an investment/trading recommendation

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.