Three pushes down in Coal India setting up a Bullish wedge reversal ( 1, 2 and 3 ) , a micro wedge ( in Red marked 1, 2 and 3 ) with trend channel line overshoot ( Red 3 ) and a strong breakout of the trend line with 3 strong bull trend bars , all indicating a temporary reversal of trend for at least 2 moves up .
Since it is a counter trend trade risk 0.25% ( Ex....
There is an inside-outside - inside pattern seen on 22, 23 and 24th of may respectively.
22th candle is an inside candle of 21th , 23rd is an outside candle of 22th and 24th is again an inside candle of 23rd forming an ioi pattern.
Market is long if the price breaks the high of the outside bar ( 12041 )
Market is short if it breaks the low of the outside...
