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rukshan2102
May 29, 2023 1:43 PM

ASI - Falling Wedge Pattern in CSE Long

CSE All Share Price IndexCSE

Description

ASI might bounce from 8500 level. Closely monitor this falling wedge pattern and fib levels in the chart.


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Trade active

ASI trying to break upper line with green candles. Need to monitor few more daily candles to get the confirmation of bullish trend.

Trade active

ASI daily candle has broken 0.5 fib value & it protected 8500 support level. ASI will be in uptrend.

Comment

0.236 Fib level is a strong resistance level now.

Trade closed: target reached

ASI started a new bull cycle.
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