reverse divergence with bullish engulfing patternReverse divergence with Bullish engulfing pattern seen in MERCATOR on daily charts which indicate a very bullish reversal.
MERCATOR trade ideas
Is Anything Interesting?? I see a Silent UpmoveThe chart set up is undoubtedly one of the best view for a Hawk eye.. Price pattern formation is above the rising trend- line, and is approaching a breakout Windfall Gain on the way!!..I guess its gearing up for 60 Level soon :-) currently CMP is 49.15; RSI trading at Comfortable zone. Just a matter of time and it moves Silently.. Do keep a watch..
Mercator going for next legTaken support at 50 % retracement
falling channel breakout
next possible resistance and AB=CD matching
Keep on radar
