mrkamran82
1) V Shape recovery in progress 2) Respecting trendline support and testing it after every 14/15 days interval with a wig bounce. One can play around with such intervals as well for a shorter period of time on an hourly basis. 3) Strong Resistance and consolidation occurring at 50 percent Fibo Retracement level.In my view likely to be broken sooner or later...
Making V shape recovery. Recommended to ride it untill and unless it breaks the trendline with the mentioned stoploss. Entry could be taken now or at FIB level 0.618 if get a chance because it is taking strong bounce from there
Right now its forming Bullish Flag Pattern. After confirmation of breakout, it can be bought at the mentioned level with the TP mentioned with the SL intact on 4H duration.
Bearish BAT Pattern Formation in place can be bought now and would take a long ride and book profit at point D which is TP with the SL mentioned.
Buy @ CMP = 393 TP1: 465 TP2: 517 SL: 350 Making sharp bullish pattern on Wednesdays with an exact interval of 15 days on 21 july, 4 Aug and 18th Aug Following Dow Theory of HH and HL on Day basis. Following Ascending channel and taking strong trendline support
Morning Star spotted after series of LL and first formation of HL
Morning Star Formation of HL after the series of LL
Just publishing the chart and taking trade-in MT4 accordingly for the proof of concept learned in the lecture.
Just to verify that publishing is working and faraz can see this