Hello everyone we might have a good possible reverse and shoulder structure on 4 hour time frame if our conditions are met .. with good R:R
Green line need to hold meaning no 4 hour candle close below … Price need 4 hour candle close above red line .. RSI indicator those two lines need to be breached and hold as support .. Our target will be 47500 our stop loss is 4 hour candle close below green line ...
for any question feel free to ask :) and good luck
@Aminghorani, Dear there is two analysis I made with bearish and bull thesis meaning there are conditions that will need to be met for each scenario to happen ..
on Technical analysis we always consider all the possibilities with no bias and watch price action ..
You should never have a bias only trade what you see I made my view on both scenarios :) good luck