Fahad-Rafique

Fahad-Rafique

Price has given a breakout from the downtrend, and has printed a couple of higher highs indicating that bulls are in complete control of the price action. With no divergence on RSI, the bullish trend is likely to continue as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a good breakout and printed a higher high, the bulls seem to be in good control of the price action. If the momentum sustains and this freshly printed higher high is printed then we can expect new highs in coming weeks as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a breakout not only from the trendline but also has broken previous lower high, following the appearance of a bullish divergence. First higher high is defined and once that is broken successfully, then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend, but the bullish divergence indicated that bulls are assuming control and with the break of previous lower high the bullish sentiment is evident. A higher high is printed and once price defines a higher low successfully, then it will continue to move up as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a good breakout and broken previous lower high successfully. If it manages to break freshly printed higher high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a good breakout following bullish RSI divergence on daily time frame. It seems that bulls have take control of the price action, the notion is further validated by the break of previous lower high and printing of a higher high. Price is now in the process of defining a higher low, after which according to Dow theory we can expect further highs....

Fahad-Rafique

Price was in a downtrend, but the bullish divergence indicates that bulls are rallying and trying to win the control back. Previous lower high is broken successfully, and now price is trying to define a higher low, which could mark the beginning of another bullish leg up as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend, however the matured bullish divergence on daily time frame suggests that bulls are waking up and assuming control of the price action. This sentiment is confirmed by the break of previous lower high and formation of a higher high. Price would now define a higher low before a bullish rally as per Dow theory. Targets are mentioned on...

Fahad-Rafique

Price was in an uptrend, however a bearish divergence led to the break of previous higher low, and printing of lower low. The bears seem to be controlling the price action and hence as per Dow theory further slide is expected. Targets are mentioned on the chart.

Fahad-Rafique

Following the bearish divergence, price has given a breakout towards downside, first lower low is printed, and if the momentum continues, we can further expect slide in price action as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a good breakout, after the appearance of bullish RSI divergence on daily time frame. First higher high is printed successfully, and once the price defines a higher ow, it will move upwards as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however a bearish divergence appeared on the daily time frame, and now seems to be playing out too. Previous higher low is broken a lower low is printed instead, now price will move up a bit to define a lower high before journeying downwards again as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend, but it has given a good breakout and is consistently printing higher highs followed by higher lows, if the trend continues we can expect good bullish rally in coming months. Targets are mentioned on the chart. P.S This analysis is conducted on weekly time frame, and could take months to play out

Fahad-Rafique

Price has given a good breakout after a matured bullish divergence on daily time frame. First higher high is printed successfully, now the price is likely to define a higher low before moving to higher targets. Entry point, Stop Loss and Take Profit are mentioned on the chart.

Fahad-Rafique

Price has given a good breakout following the bullish RSI divergence, first higher high is printed successfully, now the price would define a higher low before moving to new highs as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however a bearish divergence led to the break of previous higher low and it seems that bears have taken control of the price action. first lower low is printed successfully, and if that is broken we can expect more downside movement as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend and respecting an ascending trendline, however the bullish RSI divergence on four hourly time frame, not only led to the break of trendline but also previous higher low. Now the price has printed a lower low and once it defines a lower high it would continue its movement downside. Targets are mentioned on the chart.

Fahad-Rafique

Price is in a strong uptrend, consistently printing higher highs and higher lows. Since there is no divergence yet on the daily time frame, hence more upside movement is expected as per Dow theory. Currently, the price is trying to define a higher low, which could potentially be at 0.382 of the fib retracement level and is also a support in form of higher low....