@siddmuk2005, You missed daily ADX and RSI which sufficient to tell chart story where it will go
k314
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@siddmuk2005, I do not use ADX in my trading system. Instead I use Bollinger bands and moving averages to measure volatility and trend strength.
I use MFI which is volume weighted RSI. While I welcome counter opinions, I make sure only arguments backed with logical and analytical reasoning are considered.
I did my home work before publishing the chart based on my trading system and have conviction in my analysis. Having said that I wont be disappointed to be wrong and book loss :)
PS: I disregard your way of drawing trendline. Its neither body to body nor wick to wick. Its simply drawn to fit your preconceived opinion :) Pls dont take it personally. If it works well good for you.
siddmuk2005
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@trex88, All the best for trade :) Enjoy . End f day we should make some money for our future. Chart is all about data pattern that forms by big investor and Oil sellers