BINACOM IBULLISH ABCD HARMONIC PATTERNWave XA retracement to B (0.350) is in-between fib618-786 levels and the rebound failed to cross fib382 (0.400) thereby retracing to 0.280 (also the 52wl) to double-bottom and forming an AB=CD bullish harmonic pattern. To enter trade, the probable EP would be 0.290 to retest a demand zone and the probable TPs are 0.325 (daily pivot point), 0.365 (fib618, R1 and also yearly resistance), 0.400 on touch-point (fib382 and above 0.395 yearly resistance). The probable CL would be at 0.250, ie, below S1.
BINACOM trade ideas
Break out BInacom (0195) - Telecommunications & Media- Ace Market
Binacom breakout resistance on horizontal line on 09/02/21 with huge volume,
Cautios due to presenting of long upper tail ,
classified Uptrend counter when price above MA200,
Pull back T1 - T2 with low volume,
52 wk price play around 0.195 to 0.565,
MACD cross up signal line at strong buy area,
Stoch TF30 mins is oversold area,
RSI above 50,
Gann Square Chart - SnR - 0.40 & 0.43
This is study purpose only not a buy call
TAYOR- Trade at your own risk
Without strategy, execution is aimless