When you take a look at the Daily Time Frame you can spot that there is a double top rejection since the current trend is around Resistant Zone but not just a resistance zone but a strong one Then on the Daily time frame again you can spot a bearish engulfing pattern also. Entry: @ 69.076 SL: @ 60.748 TP @ 69.08 Thank you for checking out my idea...
Current it is at current support level either it breaks through and retest as resistance then push down or goes down as i posted earlier
Since trend is currently on the current support zone it is likely to reverse to retest the previous resistance around the shoulders. Any Idea to add please you can comment or dm me, to share ideas
We can see on this week chart although we seen some rejections which couldn't reach the Resistace Zone so we looking the whole of April selling in a way withing the first week trend making some correction before descending below the strong resistance zone.
On the Monthly timeframe, you can see that downtrend for a long period of time keep touch this current support zone and is isn't able to break through because that is a very strong support zone and have been always turned into trend reversal zone and also currently as the current trend approaches this current zone the, the current candlestick has started to...
MOVING DOWN ON THE RIGHT DIRECTION Referring the Weekly Time frame wish has long rejection against the bulls signalling long push downwards trend The the 4H chart for verification and entry also works exactly
The uptrend was very strong and was able to break through most of the resistance zone leaving them to turn into support zone. But now on the monthly time frame the trend is at where it likely to reverse from any moment. So now on lower timeframes like the 4Hrs entries can be really found for the downtrend. if trend really reverses on the current support zone on...
Due to the trend approaching the major support zone on the monthly time frame. Anything you would have to read is in the video and explained.
STARTING FROM UP TO DOWN ANALYSIS On monthly timeframe, the current candlestick got mass bearish pressure selling to the extent that it broke through the monthly support zone. Then now Big rejection on the same candlestick just occurred with a great amount of pressure from the bulls. Signifying that bulls are in control in monthly. Now let move to the...
STARTING FROM TOP TO DOWN - The current candlestick on the chart has a tail of rejection which respected a monthly trendline. - Now on weekly, you can see a bearish engulfing candlestick parthern also formed with the last candlestick being a pull back of a bullish candlestick almost touching the monthly trendline. - Finally ending with on the daily...
On the monthly and on the weekly time frame, there is much bearish pressure selling down. Now on the daily timeframe currently the last candlestick shows a big rejection in the direct position of a boolish candlestick. Also you can identify a bearish engulfing candlestick pattern.
The Uptrend has been respecting the support and the resistance zone so far and at the moment a lot has been expecting a downtrend due to the current resistance zone that has approached. But on the current candles I can identify more bullish push ups plus a bullish engulfing pattern. There this calls for the current resistance to be broken expecting that result...
The uptrend has been respecting the support Zone so far and at the moment a lot has been expecting a downtrend due to where it gotten to. But on the current trend you can identify more pushes up plus a bullish engulfing candle too. So am expecting the candles to push more and break the upper resistance