Trend analysis is a way of prediction however strategies are well proven and tested way of reacting to market. There are some people who predict the market with better accuracy and there are some people who are involved in re-acting the market. It takes practice, risk management and confidence to make a trade in your favor.
4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel.
Remarkable points , recently created tail has enough shadow as comparted all others.
Therefore, Possible to fall more OR create a series of tails .
TATASTEEL IS MAKING A DIAMOND SHAPE. IF PRICE CROSSES AND SUSTAINS ABOVE 0.618, IT WILL REACH 1.618 LEVEL TO COMPLETE THIS PATTERN. THIS IS MY PERSONAL VIEW. EXPERTS COMMENT YOUR VIEWS.
