RCOM Breaking Downside from Consolidation

6 thg 10, 2016

It is been observed that the price action is ranging in a consolidation and moving sideways on hourly chart. Now, it is breaking out from the consolidation and now it shall move further down to the retracement level of 61.8% at 44.25.

Target: 44.25
Stoploss: 47.50
Risk Reward: 1:4

9 thg 10, 2016

Đóng lệnh: dừng lỗ

Price levels closed above the stops as Stop reached. Now on a bigger picture it is observed that there is a strong resistance level at 48.15 levels which need to be broken in order to move prices further up. If price level could breach out then it is still possible to achieve the said target of 44.25. Regards

12 thg 10, 2016

Ghi chú

A Game Changer Candlestick found on Daily Chart,

Will it able to turn around the game again?

4 thg 11, 2016

Đóng lệnh: đạt mục tiêu

Today, we achieved the targets, it was a bumpy ride but the price action did come back to fib levels.