2281: Bullish Reversal from POC_Golden Pocket2281
Continuously in downtrend. Earlier estimations of reversal from bearish flag completion and support levels did not sustain (Bears dominated).
However, current price movement (green candles) at POC is confirming the interest of buyers.
This is in confluence with 50% fib (Golden Pocket)
Entry can be taken now (HH) or after formation of HL (conservative)
Keep SL intact as identified.
TASI
UPDATE ON TASIA month ago, I posted that TASI will continue going lower to reach 11,439.529, and it came up the grab the LQ at 12182.412 now it will continue lower.
Again this movements fooled some people and bought higher now they're in losses and looking for how to recover.
Don't buy TASI now, wait for it to quit the consolidation level then you can buy.
Follow for more!
Double BottomDouble Bottom around 168 -168.50; a bounce
is expected.
Tomorrow's Closing is Important.
Sustaining 168 , may lead it towards 190 - 193.
On the flip side, if 168 is broken, we may
witness further downside; but it should touch
180 - 181 once before going down.
However, for a Trend Reversal, it is important
to cross 201 - 202.
TASI: HISTORICAL ANALYSIS WITH A LONG TERM STRATEGIC PLANHistorical data analysis of TASI, since its beginning in 1985, shows a peculiar pattern wherein trading TASI for only 6 months in a year for 10 consecutive years yields higher or similar returns compared to buy & hold strategy during the same period.
So a profitable strategic trading plan can be made with following
Key highlights:
50% capital exposure to the market: trading will be carried out only 6 months out of 12 months.
Higher or similar returns when compared to buy & hold strategy for the duration of plan (10 consecutive years).
Back testing results since 1985 have shown increase in returns with the rate of 8.8%, 16% & 43%.
Returns for the last trading plan (2014-2024) have exceeded 100%: the capital in 2014 would have doubled in 2024 using the strategy.
A balanced strategy incorporating the best of both ‘trading’ and ‘investing’ worlds. No worries about daily price action or getting out of trade due to stop loss, while also having the leisure and cash-in-hand for half of the year.
A long term plan: 10 consecutive years but only 6 months in each year will be traded.
If you like to access the trading plan in full details (with back testing proof in pdf & excel workbook), please reach out to me at: umairx88@gmail.com. Bear in mind that the month of November is not only included in the plan rather it is one of the crucial months of the plan.
POTENTIAL SETUP ( TASI : 2010 )As the market currently trading in a Parallel channel. The price was reacting well the support and resistance of channel and a market currently formed a bullish morning star candle on daily TF with a mature bullish divergence. If the market successfully sustain this buying confluence the next leg up could go for new HH.