Looking at the 2 Hour chart, we can see that the 4th wave of Elliot wave cycle is about to get completed. From here, there 2 possible scenarios: 1. It can complete this 4th EW and then head or the 5th wave i.e uptrend. 2. It can keep going downwards and make H&S pattern. WE have to wait wait for some more time for the confirmation on any of the...
2 Hour chart: Daily Chart: TRON already broke out from it's falling wedge pattern and is now increasing. The new uptrend has been marked with dotted Orange line. Let's see some key points: Daily MACD histogram tells us that the market is going to move upward. Volume Oscillator is indicating an increase in Volume which is supporting the MACD's...