Morning star in MGL
Updated
Morning star is a bullish chart pattern. It's formed at the end of a downtrend. A doji is formed after a clear down trend, followed by a green candle which confirms the beginning of an uptrend.
Other points to consider:
1) Touched the low of the channel.
2) RSI is oversold.
Target: 900 SL: 825
Other points to consider:
1) Touched the low of the channel.
2) RSI is oversold.
Target: 900 SL: 825
Trade active
Oh boy oh boy.. It's frustrating to see this script trading in a narrow range when the entire market is heading North.Trade closed: stop reached
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