- merely a up channel here. compare with the past after 10% down from ATH , all rebound not going straight line and so much headfake move - 2710ish supple zone vs 2650 demand zone , i think the price will oscillate in this range next week. - look for a tradable buy around 2650 if we are lucky enough
- many market 20EMA>50DMA .. trending up - so just imagine a bull case, if this is a H&S bottom, the upmove could retest the previous channel ?
- Index market is still leading to me and the divergence signal worked out in 2018 so far. - Nifty/SPX is showing some sign of divergence and it might take times to be a valid one - so far the up channel is still intact
- not much to tell which direction to go, VOL is suppressed. - Price hit higher TL and then next is lower TL around 295-298 next?
we are in a bull flag while a double top with measured move rougly 13pt here, pic picture is a large wedge for the uptrend - expect some sideway walk or retest of breakout - trade fail if breakup the channel
- met previous double top neckline and gap resistance, can expect strong resistance here - if no immediate breakout of the upper resistance, the lower upside gap fill may support a pullback scenario and H&S pattern can be double confirmed there
- chance to get a bounce tomorrow and theoretical price will hit upper TL eventually ?
wedge vs H&S ... seems not a impulsive move up then it will edge down
still within the wedge, short term bearish but i am looking for upside breakout lately ~
Could be few more attack it will break further up here ~
- should price reclaim the neckline the pattern shall fail ~ - so far it act as resistance around this level