mothish1502

mothish1502

Explained in chart

mothish1502 Updated 

1. we have a bullish RSI divergence. 2. The double top got invalidated by not breaking the support which was the neckline and srongly rebounded. 3. Now trading above the cloud , tankan and keijun also the chikou is pointing upwards with open space . So looking to retest 1250 support line and move upward to test 1296.

mothish1502

I'm looking for the price to test the support and decide by watching the price action carefully.

mothish1502

1. Looking to hit the target coz of closing above the moving average. 2. Piercing candle at the support.

mothish1502

1. Kijun lagging so looking for taikun to join the kijun. 2. Also we are consolidating in the previous structure support.

mothish1502

1. ABCD bullish completion. 2. Trading in a channel and makes the 5th touch ri8 on resistance line . Broke and close above the resistance . 3.Tenkan has crossed kijun with chikou pointing upwards. Can Comeback and retouch the support line which is the ABCD completion and rebound strongly or straight break the reistance 2 and hit the target. happy trading.;)

mothish1502

The blue line line is the stochastic divergence for the Point A to B. In that the stochastic went to align with the price and couldn't keep it down . So , Now we have another stochastic divergence from point A to C and looking to break that structure because of the previous push from the downside.

mothish1502

The blue line line is the stochastic divergence for the Point A to B. In that the stochastic went to align with the price and couldn't keep it down . So , Now we have another stochastic divergence from point A to C and looking to break that structure because of the previous push from the downside.

mothish1502

The blue line line is the stochastic divergence for the Point A to B. In that the stochastic went to align with the price and couldn't keep it down . So , Now we have another stochastic divergence from point A to C and looking to break that structure because of the previous push from the downside.