Will this channel breakout or choose to stay in channel ?
Hello! Friends,
First of all I am thankful to you that you gave time to my thoughts by dropping the thoughts of millions of analsyst.
I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advanced.
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[A]"" DAILY CHART ""[A]
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Intro : As per chart we can see Excess It shows rejection of a price level with footprint of the long term trader and his intentions.
Will this channel breakout or choose to stay in channel ?
Well, Be prepared for two situation :
A)If it choose to stay on the channel :Each "Control Price" can perform as your target if you short seller.C1 is at 429-433 which is first target.
I will update next target after reaching first.
B) breakout : We will have a chance After the breakout. Which i will inform you as soon as possible including Entry , exit , stoploss etc.
~~chart info :
An access:3 (blue)
control price :3
C1-orange
C2- Red
C3-Black
NO trading activity zone(Green) :3
wick: yellow box
possiblity area : 2 (purple)
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"" 2 Hrs CHART ""
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--pattern is not fully reliable !!!!!!!
Intro : As per intraday chart patterns are very complex. with major resistance seller was more Efficacy on buyers. support becomes resistance and prevants seller. at one Point starts a new initiative.
we can see Breakout of Down trend but at this time we can find new powerfull resistance and support .
Breakout :
in place B you can see a breakout replacing the whole Downtrend into Uptrend
range :339-466 (which is demonstrated by price range tool)
Support becomes resistance :
Let us now focus on the A line (which is demonstrated by Dotted black line). A line connects resistance x and support Y. from this line we can say that resistance has now support.
gaps : gaps are representing are where Trading activity didn't not take place.
wicks: it shows very strong price rejection which is demonstrated by yellow box.wick is telling us that buyers in control and rejected lower prices.
Pattern : As you Look at the chart, your eye will catch the "Reversal Cup And Handle". but pattern is not fully reliable. or Will it make another expected pattern?
Thank you so much .....
First of all I am thankful to you that you gave time to my thoughts by dropping the thoughts of millions of analsyst.
I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advanced.
--------------------------------------------------------------------------
[A]"" DAILY CHART ""[A]
---------------------------------------------------------------------------
Intro : As per chart we can see Excess It shows rejection of a price level with footprint of the long term trader and his intentions.
Will this channel breakout or choose to stay in channel ?
Well, Be prepared for two situation :
A)If it choose to stay on the channel :Each "Control Price" can perform as your target if you short seller.C1 is at 429-433 which is first target.
I will update next target after reaching first.
B) breakout : We will have a chance After the breakout. Which i will inform you as soon as possible including Entry , exit , stoploss etc.
~~chart info :
An access:3 (blue)
control price :3
C1-orange
C2- Red
C3-Black
NO trading activity zone(Green) :3
wick: yellow box
possiblity area : 2 (purple)
--------------------------------------------------------------------------
"" 2 Hrs CHART ""
---------------------------------------------------------------------------
--pattern is not fully reliable !!!!!!!
Intro : As per intraday chart patterns are very complex. with major resistance seller was more Efficacy on buyers. support becomes resistance and prevants seller. at one Point starts a new initiative.
we can see Breakout of Down trend but at this time we can find new powerfull resistance and support .
Breakout :
in place B you can see a breakout replacing the whole Downtrend into Uptrend
range :339-466 (which is demonstrated by price range tool)
Support becomes resistance :
Let us now focus on the A line (which is demonstrated by Dotted black line). A line connects resistance x and support Y. from this line we can say that resistance has now support.
gaps : gaps are representing are where Trading activity didn't not take place.
wicks: it shows very strong price rejection which is demonstrated by yellow box.wick is telling us that buyers in control and rejected lower prices.
Pattern : As you Look at the chart, your eye will catch the "Reversal Cup And Handle". but pattern is not fully reliable. or Will it make another expected pattern?
Thank you so much .....
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