AIRLINK:PSX is in downtrend
AIRLINK:PSX is presently in downtrend on 1D timeframe as it has been printing LHs and LLs. NO divergence has been observed on RSI. Presently, last daily candle is being seen retracing from 61.8% fib at the end of corrective move and is likely to continue its impulse move from this point onwards till our marked targets. Therefore, an instant short position has been established with SL above previous LH and proportionate TP1 and TP2.
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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.