Trend
Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position.
Fib Level
Watch out 50% Fib level area if we see rejection candles around that area it will be a added confirmation that bears are charging and bulls will have to leave the ground. For now its too risky to take any trade in this unless its quick entry and exit strategy.
Hit like & follow guys ;)
Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position.
Fib Level
Watch out 50% Fib level area if we see rejection candles around that area it will be a added confirmation that bears are charging and bulls will have to leave the ground. For now its too risky to take any trade in this unless its quick entry and exit strategy.
Hit like & follow guys ;)
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