It just broke the EMA 200 daily TF with trendline breakout. A Possible Inverted head and shoulder formation. A Possible Cup and handle formation. Volume Breakout spotted. If it is in uptrend , R1 - R5 will be short and mid term target. If break through R7 , then long term uptrend can be confirmed. Possible risk will be triple top formation is in play and it...
I use this as example for case study to find a good entry. You have to assume when I draw the trend line, I am at 30 Nov 2022 until 02 Dec 2022 . Because when we draw trendline, we expect what is the outcome when we near the edge of the trendline and what will happen next. First try identify the highest point for a period as Higher high . In this case , I use the...
Recently just break closing above EMA 200 and channel breakout . Higher Low spotted above EMA 50 and higher high spotted for possible uptrend. And maybe going uptrend with short term target of R1 to R4. Spotted possible inverted head and shoulder pattern in progress and same as the Cup pattern in progress. Risk , if it cant go above 0.105 . Double top pattern ,...
for drawing line..learning purpose Try to give post and suggestion