I saw that CGB will be uptrend. We look and see. Trade on your own risk.
On a daily chart, CGB has been spotted to have reversed its volatility never seen since January 2022, meaning that it has been ranging since then at Elliott Wave's ABC corrective zone for 6 months. If seen on a weekly chart, it is also clear that the price has been consolidating at fibo786 level. EP at current price and TP at fibo618. CL below the 52-week low.
Consider to study and verify CGB pending BO from pennant formation with bearish bat harmonic pattern.
SOP OSC fulfilled..breakout TAD line..hit 1st TP at MA100
CGB in big picture. From a swing low at 0.700 on 13 January 2021, the price peaked at 3.000 on 14 June 2021 topping a 52-week high for the year. From there the price has been ranging since early October and retraced to a low of 0.790 on 20 December 2021. It clawed up to stay above 0.910 which happens to be fibo786. Today (30 December 2021) the price has broken...
Sector: Industrial Products & Services RRR: 1:1, 1:2 Swing Entry at TF 30 min Disclaimer: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading...
Note. - by using trendband, it shows the price movement is on bullishness. . - some point indicates, price move above directional line (purple, EMA100) - It will be some correctional progress until it reach new breakout.