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MOTHERSUMI

Morhersumi July 6 2020 Mothersumi s levels are clearly explained in the picture. Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistance levels are unlike others , we opt for hourly charts and technical analysis. Our analysis is based on levels , algorithms which we created , beyond technical analysis and mathematical equations and derivatives. In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics. Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis. It’s a good idea to short sell at the current price as it’s averaging there. Top resistance and Support is given clearly. However average sell can be given at current price. The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics. Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.
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by krishnakanth_kk
MOTHERSUMI technical analysis. Possible down move.Hello Trader, Here is the full analysis of MOTHERSUMI: 1) On the Daily chart we can see it as formed butterfly pattern and is inside raising wedge ( Bearish pattern ). 2) Price is testing a strong resistance zone and can test this zone for up move and if it fails then on the basis of butterfly and strong resistance one can look for short. How can you support me: 1) Like my idea. 2) Follow me for more analysis Feedback: Please share your feedback in comments and this will help me to improve my drawing and analysis
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by technicalwhale