UBL Brewing down to its Major Support ??!!!

17 thg 3, 2023

Chart patterns look apt for a short trade in UBL

REASONS

1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now.(shown below)


2. Right now, it is under its down swing move inside the Ascending channel pattern

3. In Daily timeframe, Bearish Flag pole pattern developing and due for BREAKDOWN!!!(shown below)


4. In 4 hr time frame, it is looking good to enter the trade (STRUGGLING TO MAKE HIGHER HIGH)

5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line)


6. Target(bright green)& strict SL(bright red) levels mentioned as Horizontal dashed lines

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

NOTE- Just sharing my view....not a tip nor advice!!!

Regards,
mmjimm ;-)

20 thg 3, 2023

Ghi chú

Breakdown!!!! needs to break 1422.65 to form a lower low confirmation!!!

22 thg 3, 2023

Ghi chú

still inside the range!!!!

27 thg 3, 2023

Ghi chú

Made lower low!!!!

27 thg 3, 2023

Ghi chú

Day candle Breakdown with extraordinary volume!!!

11 thg 4, 2023

Giao dịch đang hoạt động

1st Target done!!!!

11 thg 4, 2023

Ghi chú

2 thg 5, 2023

Ghi chú

still respecting the level!!!!

5 thg 5, 2023

Ghi chú

WEEKLY Bearish Engulfing candle!!!
still our levels intact!!!