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MorePen reverse Head and shoulder Pattern on Daily TF.
I joined later in this year but it is feeling like second home.
Hope to have more learning and interaction in 2018...
Quoting this chart from Morepen which really blasted for a christmas celebration.
Support at 31 and Resistence at 37-38 levels
Accumulation: 680 days
Momentum: 7-8 months
CCI(D/W) > 100
TGC on D/W
Reversal confirmation on D/W
Movement towards 32 ongoing (61.8 Fibo level)
Daily Close > 18.90 and High > 18.65 will confirm the reversal on D basis
Check the annotation in the chart.