Fahad-Rafique

Fahad-Rafique

A bearish RSI divergence appeared on four hourly time frame, and now seems to be playing out as well. First lower low is printed after the successful break of previous higher low, if bearish momentum continues, we can expect a bearish rally asper Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in an uptrend, however a bearish divergence led to the break of last higher low and printed a lower low instead. According to Dow theory, the price is likely to continue its journey downwards as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has broken previous higher low and it seems that bears are in control of the price action at the moment. Now according to Dow theory if freshly printed lower low is broken successfully, then we can expect further downside movement. Targets are mentioned on the chart.

Fahad-Rafique

A bearish divergence seems to be at play here, as the price broke previous higher low and printed a lower low instead, confirming the control of bears. According to Dow theory, the price would define a lower high and then continue its journey downwards. Targets are mentioned on the chart.

Fahad-Rafique

Bearish divergence seems to be at play as price has broken previous higher low and printed a lower low instead. If the bears maintain their control then we can expect further downside in price action as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend, however a matured bullish divergence seems to be at play, with previous lower high broken successfully and first higher high printed. According to Dow theory, the bullish momentum is likely to continue. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however the matured bearish divergence seems to be playing out as first lower low is printed successfully. Once that is broken, we can expect more downside in coming days as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a breakout from the trendline, and has also broken previous lower high. Bulls are in control of the price action, and hence more highs are expected in coming days as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

A matured bearish divergence seems to be at play here, last low is broken successfully, and first lower low is printed. Price is defining a lower high currently, after which it will continue its move downwards as per Dow theory. Targets are mentioned on the chart.

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.