Yesterday I had mentioned:
Q
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As the price is making new lows, MACD is failing(to make fresh lows) and this Price-Momentum Divergence alongwith breaking of TL confirms weakening of downmove.
UnQ
And today it went whoosh---
.png)
But before going whoooooooosh upside, it broke yesterday's low in the morning and I know it for sure that anyone who had thought of going long after reading my blog-post would have dropped the idea -------
And this is what keeps on happening to the small trader. Then what's the way out??? After all its the trade that would give us the fruit and not the mere analysis---
I would leave this question unanswered --- as I believe trading is like swimming -- one has to enter water and learn it as per one's choice-- chosing one style or the other.
Using most simple of the techniques to locate probable targets of the upmove:
5 Min chart
.png)
Hour Chart
.png)
And only when the white or green channel breaks, should we talk about bullishness
Going by copy-book EW pattern, 4c from 5605 upwards should not go above 1.65*4a=5749
.png)
And if 5750 gets breached then following pattern may be taking shape:
.png)
And mind,you these are not the only Probabilities floating around.
Followers of Wolfe Wave and Harmonics may be eyeing the following pattern:
.png)
Q
.png)
UnQ
And today it went whoosh---
.png)
But before going whoooooooosh upside, it broke yesterday's low in the morning and I know it for sure that anyone who had thought of going long after reading my blog-post would have dropped the idea -------
And this is what keeps on happening to the small trader. Then what's the way out??? After all its the trade that would give us the fruit and not the mere analysis---
I would leave this question unanswered --- as I believe trading is like swimming -- one has to enter water and learn it as per one's choice-- chosing one style or the other.
Using most simple of the techniques to locate probable targets of the upmove:
5 Min chart
.png)
.png)
And only when the white or green channel breaks, should we talk about bullishness
Going by copy-book EW pattern, 4c from 5605 upwards should not go above 1.65*4a=5749
.png)
And if 5750 gets breached then following pattern may be taking shape:
.png)
Followers of Wolfe Wave and Harmonics may be eyeing the following pattern:
.png)
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