I am looking at today's Closing which is at crucial level. according Fib level from previous swing low to today's High give 0.618 retracement.
What I am Assuming :
with Reference of RSI Level previously 60 to give deep towards 40 Level then around 6% retraced. same way if current RSI go to touch the level of 40 then one interesting pattern will emerge which is Head and Shoulder (Mark on Chart).
I know there is many if and else in this scenario to play, I am waiting to break Recent Swing Low (980)for put trade for Target 945 and defiantly change the view at 945 level and switch to find buying at that level.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
What I am Assuming :
with Reference of RSI Level previously 60 to give deep towards 40 Level then around 6% retraced. same way if current RSI go to touch the level of 40 then one interesting pattern will emerge which is Head and Shoulder (Mark on Chart).
I know there is many if and else in this scenario to play, I am waiting to break Recent Swing Low (980)for put trade for Target 945 and defiantly change the view at 945 level and switch to find buying at that level.
For educational purposes only. Not financial advice. Consult a professional before making financial decisions. #Disclaimer
#NiVYAMi
Trade active:
It seems Right Side Shoulder form is shallow but every time not able to see the bookies' pattern, I assume a pattern formed and given a breakout, who are not yet in trade those wait for breakout retracement for entry.
Trade closed: target reached:
Head and Shoulder pattern Target Achieved...
