Fahad-Rafique

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.

Fahad-Rafique

Price has broken previous lower high, and it seems as though the bullish divergence is playing out. A higher high is printed and once this is broken we can expect further upside as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has given a good breakout after a matured bullish divergence and has broken previous lower high and printed a higher high. According to Dow theory, price would not dip a bit to print a higher low, before starting its journey upwards again. Targets are mentioned on the chart.

Fahad-Rafique

A bearish RSI divergence seems to be at play here, as previous higher low is broken and the bullish momentum seems to be fading out. If the bears retain control then we can expect further downside in price action as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

A matured RSI divergence on four hourly time frame seems to be at play, as previous lower high is broken and bulls are in good control of the price action. According to Dow theory, if previous higher high is broken, then we can expect a good bullish rally from here. Targets are mentioned on the chart.

Fahad-Rafique

A bearish divergence seems to be at play here as pervious higher low is broken successfully, and a couple of lower lows are also printed. Bears seem to be in complete control of the price action, and hence a bearish rally is on the cards. Targets are mentioned on the chart.

Fahad-Rafique

A bearish divergence seems to be at play here, not only the previous higher low is broken, but also the ascending trendline indicating that bears have assumed control of the price action. If freshly printed lower low is broken, we can expect more bloodbath in coming days. Targets are mentioned on the chart.