Welcome to this analysis about ZKHANDELWAL, we are looking at daily timeframe perspectives. ZKHANDELWAL in recent times heavily decreased with bearishness however it now moved into an oversold condition. ZKHANDELWAL is developing here that will be a decisive factor in the upcoming times. I discovered the main formation ZKHANDELWAL is developing here that...
✔EUR/USD Is still Bearish but has hit a strong Support Level
✔Price has been pushing to the downside but has touched a support level
✔Closing wedge waiting for a upside breakout
✔RSI is in in the Mid Possession
60 PIP Analysis
A Support and Resistance trading strategy that lets you profit from losing traders
Mark your areas of Support & Resistance (SR)
Wait for a directional move into SR.
Wait for price rejection at SR.
Enter on the next candle with stop loss beyond the swing high/low.
Take profits at the swing high/low.
I applied Elliot Wave, Fibonacci and Trend Analysis on the Monthly chart of DIA. RSI of DIA was creating a negative divergence from 2018 and signaling for a huge correction ! So Market was searching a correction point and Corona Virus helped the market for that. Now question is how much correction will happen ! Here there are two reasons for correction- 1....
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Good luck with trading!
will work out the formation?
It's perfectly drawn by the rules.
if the publication collects 100 likes
I'm gonna do a training lesson on this pattern.
at his particular pair we spotted a down trend before our signal was given. and if you pay close attention to Fibonacci retracement you can see that we hit 38 level on it so after candle confirmation we tried to go with previous trend and as a matter of fact we hit the target soon after that always going along the trend is the best strategies of course you need...