fibonacci reversal trade / falling parallel channel pattern
hindpetro : 209.20
trade set up :
1. buy range 208 to 210
2. stop loss 196 on closing basis
3. targets : 215/ 225 / 238 / 245 / 266+
technical setup :
1. midpoint parallel channel support trade
2. falling parallel channel
3. fibonacci 78.6% reversal
4. trend line support
5. value pick
6. support & resistance trade
trade set up :
1. buy range 208 to 210
2. stop loss 196 on closing basis
3. targets : 215/ 225 / 238 / 245 / 266+
technical setup :
1. midpoint parallel channel support trade
2. falling parallel channel
3. fibonacci 78.6% reversal
4. trend line support
5. value pick
6. support & resistance trade
Note
219+ highNote
261+ high near 30 % returns done
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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.