4Triangles,Resistance,HedgePoint,Supports & Target with 4$ rule
Guy's
In this (D) Chart my targets are shown with 4Triangles, Resistances, Hedge point & Supports
I see my targets will hit because (D) Chart have touched the support 3 times without
touching the upper band of BB, and at the same time RSI & MACD is also favouring it.
if you see RSI after it got overbought at 81.46 on 8thMarch2022 from their it came back to 23.50
& bounce back, and after that 3 times it stayed above without testing any of these 26.41, 35.70 & 40
Macd took conversion on 20th July2022 which started from 34.85 and till today it didn't tested any of
its drops.
So, these builds up hope that, we are in slow bullish trend which can touch
R1 - 1st Tp 1729
R2 - 2nd Tp 1765
R3 - 3rd Tp 1808
And to be at safe side, i set Hedge Point of 1677 as my entry point for Bullish side, which is 2020 support.
if the price plays below 1677, I will hedge my trade and keep it as it is, until it come back to my entry point.
or i will release my Hedge on any of the below given supports based on upcoming trend analysis
S1 1608
S2 1587
S3 1564
My Target is R1,R2,R3, which will be above the hedge point of 1677.
Regarding 4$ rule, pls scroll down to my previous published charts, you will find it in Idea Titles.
In this (D) Chart my targets are shown with 4Triangles, Resistances, Hedge point & Supports
I see my targets will hit because (D) Chart have touched the support 3 times without
touching the upper band of BB, and at the same time RSI & MACD is also favouring it.
if you see RSI after it got overbought at 81.46 on 8thMarch2022 from their it came back to 23.50
& bounce back, and after that 3 times it stayed above without testing any of these 26.41, 35.70 & 40
Macd took conversion on 20th July2022 which started from 34.85 and till today it didn't tested any of
its drops.
So, these builds up hope that, we are in slow bullish trend which can touch
R1 - 1st Tp 1729
R2 - 2nd Tp 1765
R3 - 3rd Tp 1808
And to be at safe side, i set Hedge Point of 1677 as my entry point for Bullish side, which is 2020 support.
if the price plays below 1677, I will hedge my trade and keep it as it is, until it come back to my entry point.
or i will release my Hedge on any of the below given supports based on upcoming trend analysis
S1 1608
S2 1587
S3 1564
My Target is R1,R2,R3, which will be above the hedge point of 1677.
Regarding 4$ rule, pls scroll down to my previous published charts, you will find it in Idea Titles.