Fahad-Rafique

Fahad-Rafique

Price was in a strong uptrend, however the bearish divergence emergence on four hourly indicates the control of bears, which if further affirmed by the break of previous higher low. If the current momentum sustains then we can expect further slide in price as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

A matured bullish divergence has appeared on daily time frame, indicating the control of bulls. If the momentum sustains then we can expect a bullish rally from this support region as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend, however the matured bullish divergence indicates that bulls are assuming control of the price action. If the momentum sustains then we can expect a bullish rally as per Dow theory. Moreover, previous lower high is successfully broken and a higher high is printed instead further validating bullish control. Targets are mentioned on the chart.

Fahad-Rafique

Price was in an uptrend, however the emergence of bearish divergence indicates bearish control, the sentiment is further validated by the break of previous higher low. If the momentum sustains then we can expect further lows as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong down trend, however the bullish divergence hinted that bulls are trying to win control, this notion was confirmed by the break of previous lower high and printing of higher high. If price breaks this freshly printed higher high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in an uptrend, however a matured bearish divergence indicates that bears are trying to assume control of the price action. First lower low is printed successfully, and if that breaks then we can expect a bearish rally, as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend, however the bulls have answered the call and have managed to print a higher high, which according to Dow theory is the first indication of bullish control. If the momentum sustains then we can expect further upside in price action. Targets are mentioned on the chart.

Fahad-Rafique

Bulls seem to have assumed control of the price action, as previous lower high is broken successfully, and a higher high is printed instead indicating good grip of control of bulls on price action. If the momentum sustains then a bullish rally is on the cards, as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however now the bears seem to be in the driving seat as first lower low is printed successfully, following bearish divergence at four hourly time frame. If the bearish momentum continues to sustain, we can expect a bearish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

After a phenomenal bullish rally, bulls seem to be exhausted and bears are trying to seize this opportunity. A bearish divergence on four hourly time frame further affirms bearish sentiments. First lower low is printed successfully, and if this is broken then a bearish rally is on the cards as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Since its listing the bears seem to be in complete control of the price action, however matured bullish divergence on daily time frame has signaled that bulls are trying to assume control, and if they manage to break previous lower high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price seems to be in the accumulation phase on weekly time frame, however a matured bullish divergence hints the control of bulls, the bullish sentiment is further confirmed by the printing of first higher high. If this is broken in coming weeks then we can expect a bullish rally from here. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong down trend, however a matured divergence seems to be at play now as previous lower high is broken successfully, and if the bullish momentum further sustains we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Bears seem to have gained control of the price action, as first lower low is printed successfully, if the bearish momentum continues then we can expect further downside in price action. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however the bearish divergence on four hourly time frame hints that bears are trying to gain control. First lower low is printed successfully, and if that breaks then we can expect further slide in the price action. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however the bears seem to have waken to the cause and are trying to win control of the price action. The bearish sentiment is further confirmed by the break of previous higher low. If the newly printed lower low is broken, then according to Dow theory we can expect downside movement. Targets are mentioned on the chart.

Fahad-Rafique

Bearish divergence seems to be playing out on four hourly time frame, as previous higher low is successfully broken. Now according to Dow theory, price will define a lower high before rallying downwards. Targets are mentioned on the chart.

Fahad-Rafique

A bearish divergence appeared on the four hourly time frame, followed by the break of previous higher low, signaling the control of bears. First lower low is printed and if that is broken, we can expect a bearish rally as per Dow theory. Targets are mentioned on the chart.