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ATRL | Bearish CUP formatInverted Cup is a fairly rare but very reliable bearish pattern. It is formed at the end of a long-term bullish trend and usually gives a signal of a market reversal. The upward trend in prices with a gradual slowdown. In the classical case it should represent a smooth arc. A rounded bottom is, in simple terms, a dumping of a position by large market participants, when the price is very difficult to keep from falling. When it can no longer be done - phase 3 of the formation begins (i.e., the fall) The descending of the price - the maximum if followed by the descending, which should be the entry point, and should last as long as the first phase (the price ascending) MACD shows cross over from the top which also gives bearish signal. For a long position, better to wait for the completion of the cup formation around 180 which is the support level of the price and a pull back for its handle can be considered for a gain. On the flip side, if the price breaks and sustains its resistance level of 406 then this formation will be failed and the new bullish cycles may develop.
PSX:ATRLShort
by mbaberhanif
FABL (ANALYSIS) 🚩 Market Update 📈 FABL Analysis: Technical Pattern: FABL has formed a bullish flag pattern with a target of 47. Indicators: RSI: Showing a bearish divergence. Daily Channel Top: Closing with high volumes. Trade Recommendation: Neutral Stance: I suggest staying neutral for now. Trade Option: If you choose to trade, consider buying at current levels. Risk Management: Use trailing stop-loss initially, otherwise set SL at 40.70, with the next SL at 41.7 (closing basis only). Wishing you profitable trades! 📊📈
PSX:FABLLong
by Earn_withHassaan