in upward trend. falling trend line and fib level at 0.6178 bearish divergence bears will take control soon
currently into sideways and below the fib 0.236 level trade executed on basis of Support and resistance.
CUP AND HANDLE is formed, projection is drawn. Candles indication fin retracement is at 0.718 level
TREND LINE RESISITANCE AND SUPPORT ABCD Bullish pattern fib retracement
Hanging support and resistance have been applied. DOW theory Trend was bearish but LH was broken at Fib ratio 0.50% .which played as a support zone the confluence is formed between Fib 0.50% and Hanging ratio profit earned.
the trend get into horizontal channel. trade executed at in horizontal channel
Trade is taken, by making analysis on day chart, then following 1hour chart. By applying DOW theory, following candles, FIB Extension. considerinf the trend line support and resistance as well.
Trend is Bullish, entry taken near HH, S/L placed below the HL
BEARISH TREND,SHOOTING STAR at LH is formed. so SHORT E/P 1.49173 S/L 1.49543 T/P 1.48900