POV: MAHASEAMLES - DROP - BASE - RALLY
Chart Reading:
Background:
On December 3rd, I entered this stock at a swing high breakout after observing the following parameters:
1. A Double Bottom pattern (A1 - A2) formed at the Fibonacci 0.618 level.
2. This was followed by a Double Top pattern (B1 - B2).
3. Momentum and trend aligned perfectly, indicating synchronization.
This entry provided the expected move with unexpected speed, reaching Target 1.
Today, I observed another significant pattern currently forming: DROP - BASE - RALLY.
If the upcoming session gives a pullback before crossing the gap zone,
it would present a strong setup to aim for the pattern target and Target 2.
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
Chart Reading:
Background:
On December 3rd, I entered this stock at a swing high breakout after observing the following parameters:
1. A Double Bottom pattern (A1 - A2) formed at the Fibonacci 0.618 level.
2. This was followed by a Double Top pattern (B1 - B2).
3. Momentum and trend aligned perfectly, indicating synchronization.
This entry provided the expected move with unexpected speed, reaching Target 1.
Today, I observed another significant pattern currently forming: DROP - BASE - RALLY.
If the upcoming session gives a pullback before crossing the gap zone,
it would present a strong setup to aim for the pattern target and Target 2.
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
Note
Target 1 Achieved for Breakout Traders and look for reversal pattern for Pullback EntryNote
Pullback Entry Opportunity just Triggered (1st Jan 25)
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
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.
Read my blogs here:
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
substack.com/@kzatakia
Follow me on Telegram:
t.me/swingtraderhub
Follow me on X:
x.com/kzatakia
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.