Octopus - Buy - High risk SetupOctopus is hitting lower locks since last 3 days and now at strong support zone at OB zone. Buy with strict loss at 61.94 and TP at previous support turned resistance 77.6 RR ratio 1:1.5
OCTOPUS trade ideas
OCTOPUS | Bearish Divergence**OCTOPUS** - Sell Recommendation
Technical Analysis: The current price action is displaying a bearish divergence pattern, suggesting an imminent sell-off or profit-taking phase. The Relative Strength Index (RSI) has reached overbought territory and is currently signaling a potential downside movement. Additionally, the Moving Average Convergence Divergence (MACD) has indicated a crossover, further indicating exhaustion among buyers and the potential for bearish momentum to emerge.
OCTOPUS ANALYSIS 1.0
🚀 Trade Alert: OCTOPUS Bullish Flag Pattern 🚀
We have identified a bullish setup in OCTOPUS, highlighted by the following pattern:
Bullish Flag Pattern 🚩
Technical Indicators:
Previous High: Broken, confirming bullish momentum
Bearish Divergence: Previously present but neutralized after a significant drop
Current Divergence: Formed after the flag formation, indicating the continuation of the bullish trend
Entry Point:
Buy: At 88.55
Target Prices (TP):
TP 1: 96.00 📈
TP 2: 104.00 🥇
Stop Loss (SL):
SL: 81.00 to manage risk
Trade Summary:
Buy: At 88.55
TP 1: 96.00
TP 2: 104.00
SL: 81.00
Trade Type: Long Swing 🎢
Good Luck! 🍀
Stay informed and trade smart! 📊
OCTOPUS is BullishBears seem to be exhausted as the price broke previous lower high and printed a higher high. A bullish rally is expected to be triggered from here. Targets are mentioned on the chart.
