Trade - Day Trading Position - Long Entry - 1304 Targets - 1314 / 1324 Stop Loss - 1290
CHOLAFIN is moving in the channel for a while, currently in the breakout/reversal zone After a huge leg up yesterday, it may flag and break.
CHOLAFIN has been moving up in a channel for six months now. Entering the orange Resistance zone of the Lifetime high values. Also its a channel breakout/reversal zone. Lets see if it can break the channel and move atleast lifetime high of 1243, further breaking out of 1243 or reversingfrom there.
This is one of those charts loaded with most of things we use. Just take a look above on Cholafin chart, You can see *Double Top on Hourly & 4 Hour + *Potential Harmonic Pattern + *Strong 4 Hour Resistance zone + * Triangle Pattern ( probably yet to complete fully) with expected breakout to downside as we have resistance above. i ) I feel price will get back...