Trade Indications:
1. Formation of a triangle on Hourly chart.
2 DOW theory HL & LL intact.
2. Formation of Bullish Engulifing.
3. Price above 50.0% FIb level support
4. Price consolidation in a triangle
6. Price at fair value on ST-Dev
7. Gradual decrease in volume of buyer / seller side showing price entrapment.
Trade plan: Buy / Long Trade
Entry point : Buy above the blue triangle line @ 33376 with bullish candle.
Stop Loss @ 33250
Take profit - 1 @ 33550
Take profit - 2 @ 33780
1. Formation of a triangle on Hourly chart.
2 DOW theory HL & LL intact.
2. Formation of Bullish Engulifing.
3. Price above 50.0% FIb level support
4. Price consolidation in a triangle
6. Price at fair value on ST-Dev
7. Gradual decrease in volume of buyer / seller side showing price entrapment.
Trade plan: Buy / Long Trade
Entry point : Buy above the blue triangle line @ 33376 with bullish candle.
Stop Loss @ 33250
Take profit - 1 @ 33550
Take profit - 2 @ 33780
