Story : Market formed a BEARISH DIVERGENCE on 1H time frame and then divergence played well as we can see market broke the neckline (HL) and then continued series of LH and LL (Dow Theory) TRIPLE TOP kind of formation can also be seen before it continued bearish divergence
Anticipate : I anticipate that market will continue series of LH and LL as there is no bullish divergence and no sign of reversal pattern.
Plan: We take our entry on the break of LL which is 3380 level, and then we continued to target TP1 and TP2 with our 1:1 & 1:2 R:R ratio.
once pending order is triggered, out Stoploss is defined which is slightly above the defined LH 3410 level.
Dear Followers, Keep following and like- if you want more (simple) analysis like these
Anticipate : I anticipate that market will continue series of LH and LL as there is no bullish divergence and no sign of reversal pattern.
Plan: We take our entry on the break of LL which is 3380 level, and then we continued to target TP1 and TP2 with our 1:1 & 1:2 R:R ratio.
once pending order is triggered, out Stoploss is defined which is slightly above the defined LH 3410 level.
Dear Followers, Keep following and like- if you want more (simple) analysis like these
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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.