Triangle break and retest to give rise to opportunity to ride the massive drop
So much bullish momentum was evident when the channel was broken. Now the bullish momentum is about to continue after price retests the channel and support
Retest of zone area after channel breakout for possible entry. Price shall continue to fall as is failed to create new higher highs but formed new higher lows, which indicates price is in a down trend on the overall
Retest of resistance and trend line to give rise to a short sell opportunity
Price building towards the retest of the support and trend line to continue moving to the upside towards the upper resistance
Potential retest of trend line and zone area, giving rise to potential entry
After a strong downward rally, price took a break in the form of a rising channel . The price fails to make a higher highs and consolidates instead at the lower section of the channel just before breaking out of both the channel and consolidation. A possible stunning entry could arise upon retest of the zone area which is the support zone of consolidation, the...
After a strong downward rally, price took a break in the form of a rising channel or flag. The price in the channel touches the lower boarder of the channel multiple times before a sharp bullish movement which was unable to form a new higher high, showing loss of bullish momentum. Price then reversed to break out of the channel and is now moving back to retest the...
Strong support with multiple touches and retest of both upper and lower trend line of the triangle signaling a possible bullish move to the target price of 1797.770 with stop loss of 1773.804 and a RR of 1:2. The signal was confirmed after the formation of the 3 white soldiers candle formation