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Look at the structure it has formed right above the key level of 7400. I see this a very similar structure to head and shoulder but a complicated one while expecting a target around 6950. All we gotta wait for the confirmation on neckline breakout. If price failed to break it and showed up some bullish reversal. We may have to adjust the trade plan accordingly. Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Look at the structure it has formed right above the key level of 7400. I see this a very similar structure to head and shoulder but a complicated one while expecting a target around 6950. All we gotta wait for the confirmation on neckline breakout. If price failed to break it and showed up some bullish reversal. We may have to adjust the trade plan accordingly. Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
