SRF fut breaking out of triangle pattern on an hourly charts with very healthy consolidation in past week & added OI suggesting long build up. Risk:-Rewar = 1:2 Could be bought with mentioned stoploss & targets.
H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Expectation remains as H4 analysis dated 05/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart: M15 Analysis: -> Swing:...
Just sharing this idea do your own analysis before taking any trades, Wish you profitable trades..
Anyone trading ES Futures? ES Futures are near strong Resistance level ( 3024,75) , forming Ending Diagonal. Resistance Zone 3024,75 -3027,75 Intraday Long trades only above Resistance zone. Empire State Manufacturing Index 4.3 ( better than expected ) Strong Empire State... could generate temporary rate hike fears. Thinking about intraday short....
we can see manipulation at the white box in the charts, right after that huge move to the upside. possible test of the zone before moving to the upside, zone also in confluence with tren line to the down side.
Possible move to the upside when reaching disturbance zone 1.11476 also break off 2 previous lows indicating momentum to the upside. Zone also in confluence with fib 0.786. lets see how it plays out, is all a probability game