story : Market is making series of HH and HL. However the market has formed minor divergence which made the market to take corrective move uptil 0.382 level of FIb. further market is overall in bull trend with the formation of Bullish continuation pattern.
anticipate: Bulls will take control of market and we anticipate that it will rise further after breaking HH or the neckline of bullish flag pattern.
Plan: we have taken entry on HL / instant entry and kept our SL below previous HL and we plan our TPs till the projection of Flag pattern with R:R of 1:1 and 1:2
Bulls Weight : 02
Flag Pattern
HH and HLs.
Beas Weight : 01
Divergence
anticipate: Bulls will take control of market and we anticipate that it will rise further after breaking HH or the neckline of bullish flag pattern.
Plan: we have taken entry on HL / instant entry and kept our SL below previous HL and we plan our TPs till the projection of Flag pattern with R:R of 1:1 and 1:2
Bulls Weight : 02
Flag Pattern
HH and HLs.
Beas Weight : 01
Divergence
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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.