SBIN 1HR
Bullish GARTLEY FORMED AT MAJOR CONFLUENCE of Trend lines So strong potential reversal zone
ULTRA HIGH VOLUME for going Short Positions we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND (Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
ULTRA HIGH VOLUME for going Short Positions we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the upside from “Smart Money” so prices will not go higher ..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
Price on breaking of LOW of ULTRA HIGH VOLUME Candle with NO DEMAND (Volume lower than previos) i.e place for SHORT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Note
SORRY its BEARISH GARTLEY not Bullish
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.