Hello traders!
As I told you I was expecting a triangle pattern or a Head and shoulder pattern in phase 2 and it formed Expanding triangle pattern. This phase can move up to 38200.
Now Market is heading towards Minor S/R which is at 32123 and it's the price where the third phase will start.
The third phase will be in the form of the rising channel. This will be the final fight with bears and the breakout will not be a win of bears but it's the time when bears will be knocked out and with this fall we will start our buying.
In the previous post, I have explained why I call the second phase a secret flip. The pattern in the second phase is the reason for a rise in the market because its the pattern which gives strength to the third phase to fight with bears.
The rise will start exactly from 30900 true reversal point.
Don't forget to hit the like button and follow to stay connected.
As I told you I was expecting a triangle pattern or a Head and shoulder pattern in phase 2 and it formed Expanding triangle pattern. This phase can move up to 38200.
Now Market is heading towards Minor S/R which is at 32123 and it's the price where the third phase will start.
The third phase will be in the form of the rising channel. This will be the final fight with bears and the breakout will not be a win of bears but it's the time when bears will be knocked out and with this fall we will start our buying.
In the previous post, I have explained why I call the second phase a secret flip. The pattern in the second phase is the reason for a rise in the market because its the pattern which gives strength to the third phase to fight with bears.
The rise will start exactly from 30900 true reversal point.
Don't forget to hit the like button and follow to stay connected.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.