POV: MAHASEAMLES - DROP - BASE - RALLY

10 thg 12, 2024

POV: MAHASEAMLES - DROP - BASE - RALLY

Chart Reading:

Background:

On December 3rd, I entered this stock at a swing high breakout after observing the following parameters:

1. A Double Bottom pattern (A1 - A2) formed at the Fibonacci 0.618 level.

2. This was followed by a Double Top pattern (B1 - B2).

3. Momentum and trend aligned perfectly, indicating synchronization.



This entry provided the expected move with unexpected speed, reaching Target 1.

Today, I observed another significant pattern currently forming: DROP - BASE - RALLY.

If the upcoming session gives a pullback before crossing the gap zone,

it would present a strong setup to aim for the pattern target and Target 2.


For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.

#NiVYAMi

28 thg 12, 2024

Ghi chú

Target 1 Achieved for Breakout Traders and look for reversal pattern for Pullback Entry

1 thg 1

Ghi chú

Pullback Entry Opportunity just Triggered (1st Jan 25)