Bullish Case:
1. ATL is floored in March followed by a Bullish rally in April as happened previously in 2020.
2. Price is on a major support.
3. Bearish Trend Line is broken with a green candle.
4. ABCD pattern completed and price has retraced with bullish candles.
5. Formation of Bullish Rectangle
6. Bullish Divergence
7. Fib retracement from ATL to 0.236 level.
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Plan A - Bullish Case
Entry - Bullish Candle Breakout on 100MA
SL - 100MA will act as Support. Stop loss little below 100MA
TP 1 - 71
TP 2 - 99
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Bearish Case:
1. 100MA as strong resistance
2. Price in sideways action.
3. Formation of Bearish hanging man.
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Plan B - Bearish Case
Entry - 44 (Major support is broken)
SL - 46
TP - 36
1. ATL is floored in March followed by a Bullish rally in April as happened previously in 2020.
2. Price is on a major support.
3. Bearish Trend Line is broken with a green candle.
4. ABCD pattern completed and price has retraced with bullish candles.
5. Formation of Bullish Rectangle
6. Bullish Divergence
7. Fib retracement from ATL to 0.236 level.
---------------------------------------------------------------------------------------------
Plan A - Bullish Case
Entry - Bullish Candle Breakout on 100MA
SL - 100MA will act as Support. Stop loss little below 100MA
TP 1 - 71
TP 2 - 99
---------------------------------------------------------------------------------------------
Bearish Case:
1. 100MA as strong resistance
2. Price in sideways action.
3. Formation of Bearish hanging man.
---------------------------------------------------------------------------------------------
Plan B - Bearish Case
Entry - 44 (Major support is broken)
SL - 46
TP - 36
Note
Note
Note
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.