Though Bullish on All Time Frames,
Bearish Divergence on Monthly TF +
Double Bottom around 57 - 58 are
favoring Bears
However, Bullish Momentum will Only
be Continued if 58 - 59 is Sustained
As predicted, it broke out its Bullish Falling Wedge!
Target 47.20 is reached, and likely claim it as support.
Levels to watch for:
S: 47.15 and 44.20 SR
R: 49.20
Next target 49 SR
Goof luck!
Maaden stock is showing a tendency to cross the channel upwards, supported by the technical. indicators RSI and MACD.
On the daily chart, after crossing 38.4, the target will be 43.2 then 45.1
Stop loss should be considered.
On 1211 we will have a big probability to have an uptrend if only if we have the breakout with force the resistance line and the vwap indicator by a big green candle with a large green volume.Thanks!
On 1211 as you see on the chart we have a buy idea because we have the breakout with force the vwap indicator and the resistance line by a big green candle.Thanks.
Price has touched an important support level
Level has been respected several times recently
An upside movement potential is evident
Trade with SL, ride the trend with trailing SL
i has entered.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
Price accumulating at top of Traingle Top for few days
Watch for breakout
Entry with good Risk Reward Ratio can be taken:
Now (Aggressive)
After Breakout (Conservative)
TP levels are identified
Enjoy the ride with trailing stop loss
Reaching Top of Triangle
Take Long Position above watchout level (Aggressive Entry)
Wait for formation of HL after breakout for conservative entry
Trade with stop loss
Trail stop loss for TPs as Resistance levels
It completed head & shoulders pattern and bouncing from strong support making green candles
# Bullish Indicators
- Green candles
- Bounce from support
# Trade Plan
👉 Entry: 64.65
💰 TP: 67
🚫 SL: 60
Saudi Arabian Mining Co is making HH and HL and making an uptrend and also a head & shoulder formation is in process. Both suggest it will continue its uptrend for a while. Trade plan as follows
Entry : 69.80
TP: 78.04
SL: 61.40
