UPL (Possible Reversal)Bullish Cypher pattern in UPL in daily and weekly chart and a possible reversal from 690-700 is very probable based on pure price action.
UPL trade ideas
UPL - Good Risk RewardUPL is moving in a channel and risk reward looks favourable at this point, if it doesn't break or close below 816 then looks likely to move in depicted pattern till 850-860. Please do your analysis and consultation before taking any call. This is just for study purpose.
If upl test the trend line and make a green candleIF UPL test the trendline and make a green candle you can go for a long postion with given target as it is supply zone.
UPL Since only 30% of the volumes are traded in the current region, the chances of a bull move are quite high.
Note that the bear volumes are significantly less, while bringing the price down.
Hoping for an up side here.
UPLRISKY BUY UPL around 796 target 857 STOP LOSS 758 ,waiting for breakout and retracment as per CHART
UPLKeep eye on breakout of this channel
Generally breakouts will take place on the side of previous main trend
Consolidating for last few days.
Just for education
UPL BUY ABOVE @824824 price level is very importent in this stock..
If price will going up to break 858 level , we can easly set a swing trade to target price range 950-1000 in next months🎓
HAPPYTRADING👍
Upl forming acending triangleUpl is forming acending triangle any breakout can give a good move.....keep a look on it.....
UPL short term updatepowerful upmove or downmove???????
it will be decided by the market on monday.if ot breaks upper trendline go long for 918,if it breaks lower trendline go short for 788.
UPL Weekly EW Wave counts with Harmonic Crab Formation WIPUPL Is technically looking solid and every dip should be a buying opportunity.
Per Elliott Wave analysis Wave 3 formation in progress and we know that for any trend wave 3 is usually the strongest part of the trend. Wave 2 exactly retraced up to 0.618 FIB of Wave 1. We can also see subwaves within major Wave 3 but I will let the structure develop itself before attempting to count and measure them. At this point, a fair estimate would be to have wave 3 as 1.618 times of wave 1. We will obviously fine tune and find out a possible zone when subwaves starts to emerge with more clarity. That way we will have FIB Clusters up to which Wave 3 may go.
From the Harmonic Crab Pattern perspective, We see B Point as 0.618 retracement of X-A leg and then C point as 0.382 retracement of A-B Leg. And we know once we identify the structure with 0.618 as B and 0.382 as C, this is usually Crab Pattern with 1.618 projection on X-A leg.
I always recommend having a free account with Scott's harmonic trader website, download all the three PDF copy and read the concept. It is really amazing and accurate. From EW perspective, please read EW Wave book "Elliot Wave Principle : A Key to Market behavior" by Frost and Prechter.
