aulakh03

aulakh03 Updated 

After touching 289 ethereum has corrected quite well . A range can be seen in 240 chart which it is struggling to break . A breakout to any side can happen . One should trade only after breakout . If upward breakout happened one can buy for target of 302 and if downward breakout happened one can sell for target of 230 or 200 ema in 4 hrs. Triangle formation is...

aulakh03

Head & shoulder pattern is in formation in 240 mins. A short can be initiated with a stop loss of 9940 for target of 9480 & 9180 . As price level of 10000 is rejected two times in two days. Bulls are not able to extend the pull back from 200 ema in 240 . So breakout seems quite possible . To see bullish momentum 10000 level should be crossed with heavy volume...

aulakh03

Inverted head & shoulder. A long can initiated near 7350 with a Stoploss of 7050 (strong support zone and hammer formed in daily). Price going above 7680 and sustaining would bring more bulls to create move towards 8200(200 ema daily) and further to 8800 . Seller be cautious . Selling can be initiated near 7600 levels with strict stop loss of 7843 .