Titan consolidated and now trying to move further up side...Consider it for short term
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
It has made a Bearish Harmonic Bat in daily time frame. It could retrace till 1200/1175/1100 provided it does not start sustaining above 1270 once again. Harmonic Patterns are derived from Fibonacci Ratios when each angle of retracement aligns to confirm a reversal probability of 38-50-62 % of the existing trend.
Titan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
ascending triangle pattern in titan hourly time frame
See the chart and trade
See the chart for support and supply zone…no value if you short @ current price
For any clarification comment... if it is helpful like it & dont forget to follow for more..
Titan seems to be good to buy above 995 for the target of 1040
The following points i deduce from the Titan chart 1) The fall from 1344 to 719 looks Impulsive 2) The fall has been retraced by 38 % 3) Although Titan can still go above , it will still be considered as part of corrective wave. Hence to conclude Titan is not good for investment at the present levels & let the market show the correct level to enter the trade...
will wait for either side break thing dont look easy as they seem confused set up for me