ABCD Bullish Pattern As the chart is in bearish trend, short at point B below and the potential reversal zone might be at D
SYS trade ideas
SYS : BAT Bearish Reversal PatternBAT Hormonic Reversal Pattern
Stop Loss : 479.71
Entry Price : LL once painted on chart
and will create same 1:1 and 1:2 ratio
now will wait for LL, LH below the PRZ point D.
will entry in to the trade
SYS:PSX is in process of making a Bearish AB=CD patternSYS:PSX on 1H timeframe is in process for making a potential AB=CD pattern. No divergence presently exists. Therefore Long Order 1 (Buy Stop) has been placed above point B with SL set below point C. TP1 and TP2 have been set for Long Order 1. PRZ has been projected at potential point D however confirmation and Short Entry shall only be made if Bearish Divergence forms at Point D.
Almost out of fuelP/E is high compared to rest of market , financial results will tell near future outlook, breakout and breakdown possible,in case of breakout i don't expect the same move as it has shown previously
System Limited (SYS) Technical Analysis |Pakistan Stock ExchangeIt is recommended to wait for a breakout before taking a long position, as the company has a strong fundamental background.
Upside breakout is imminent Bullish harmonic pattern formed. Potential Bullish breakout is on the cards. Wait for trend confirm before taking any positions.
