Torrent Pharma is forming AB=CD Extension pattern with 2.618 FIB Reversal and XABCD Pattern 1.618 FIB Reversal Zone.
The Possible set up would be to go log above 2350 with 2325 as SL. The beauty of the harmonic patterns are if allows you to catch the reversal from bottom or top with very little SL So we have nice R:R in swing setup.
We are targeting 2400 and 2425ish.
The Possible set up would be to go log above 2350 with 2325 as SL. The beauty of the harmonic patterns are if allows you to catch the reversal from bottom or top with very little SL So we have nice R:R in swing setup.
We are targeting 2400 and 2425ish.
Note
Forgot to update that the Momentum indicator should also be used here. I am using RSI and when it goes above Red RSI Resistance line, we should see a good momentum
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.
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.