ALGO went up reaching 2.1 lvl. It is possible to make a reversal after finishing the abcd pattern(black) and it did at the 1.61%. Algo could go down to 1.75 lvl to finish the D of the shark pattern which can extend till 1.13% at 1.72lvl. PLS be guided also that this could only be possible if algo will break the previous high going down which is around the 1.94 lvl exactly at the 50 EMA.
3 TARGET FOR ALGO, MAJOR SUPPORT IS THE 50 EMA (Yellow)
P;S: Trade at ur own risk. The market could move opposite from our TA and that is okay. Pls correct me if im wrong
3 TARGET FOR ALGO, MAJOR SUPPORT IS THE 50 EMA (Yellow)
P;S: Trade at ur own risk. The market could move opposite from our TA and that is okay. Pls correct me if im wrong
Comment:
The bear trend could still continue and might complete the shark pattern but as what I said the market could go against our TA and its okay. Pls trade at ur own risk... Since TP 1 is completed..Congrats tho
Trade closed: target reached:
TP 1
Trade closed: target reached
Trade closed: target reached:
TP 1, TP 2, TP 3 REACHED
Unfortunately, I dont see a big volume closing below the previous high around the 1.94 level. Personally, i would exit this trade already