BEL Paving way for INVERTED CUP & HANDLE ??!!!

Cập nhật
Chart pattern insist me the above titled opinion

Reasons


1. BEL is in formation of a Inverted Cup & Handle (Handle in progress)
2. Lower high and Lower low formed (confirming bearishness).
3. Gap b/w 15th & 16th Day candle can act as Strong resistance.
4. Target & SL levels mentioned @ Chart.
5. BEL may take support @ Green trendline (Major Support from 2020).

Let's wait & watch how it moves!!!

Note - Just sharing my view...not a tip nor advice!!!
Ghi chú
Forgot to mention, fib 0.5 level can act as support!!! thus the target set there!!
Giao dịch đang hoạt động
Giao dịch đang hoạt động
ảnh chụp nhanh

Given 1 hr Breakdown with volume, out of consolidation as expected!!!
Giao dịch đang hoạt động
Đóng lệnh: đạt mục tiêu
Done!!!
Ghi chú
Green line channel support!!!! nice jump!!!
Bearish PatternsBELChart PatternsFibonacci RetracementgapInverted Cup and HandleprobabilityshortTrend Analysis

Bài đăng liên quan

Thông báo miễn trừ trách nhiệm