The stair steps pattern overview The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price...
1. MOVING AVERAGE CROSSOVER 2. TREND LINE BO 3. SUPPORT RESISTANCE 4. PRICE ACTION 5. SUPPLY AND DEMAND 6. BREAK OUT STRATEGY
It appears to have completed its retracement after a breakout. Further upside till 4050/4200 could be probable if it can sustain above 3825
i see 5000 as target in short term
i can see buying opportunity @support level
watch your trade Note: it's completely my view ,I don't encourage to take any trade based on this chart, do your own analysis.
What and where you could have sold it? In intraday time frame we had a bearish divergence as marked with an arrow. Once it fell from the top 4707 and made a bearish divergence we had chance to sell, but what would be the sl? That would be the high of today. What would be safe entry ? After 1 hour of bearish candle reversal, we could have sold near bounce at 4670...