isnarain

Don't Worry The GURU Isnarain Is HERE!!!

Long
TSX:APH   None
People have asked me if a bearish Doji Star has formed, the answer is a strong No. There is evidence of a slight pull back or consolidation but in a bullish manner. This I assure you, will be relatively short lived. I requested support from our team to analyze the data on 52 indicators spanning mins, hourly and daily charts to determine price projections on short to medium term trends in addition to our long term trend analysis. We've determined the actual trend was more bullish than our projections and have concluded consolidation was a result of the downward pressure, exhibited yesterday. There is evidence this consolidation will likely continue on today, but we re-iterate its going to be short lived and we've maintain a strong medium to long term bullish trend. Simply put, its a healthy dip. As you'll see on the chart provided, a bullish break in this pattern will be stronger as a result of this consolidation. I do apologize for the rough drawings on the chart, but We've found the 1 hour chart to be the most suitable for this scenario. The path drawn, believe it or not, are in sequence with resistance and support levels from the data gathered. Please feel free to compare with tomorrows open. I do have to reiterate if a key support or resistance level is broken, then this will likely paint a different picture. But, based on our data, this is the most probable path.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.