Let us recollect the most important psychological level of 39500 as discussed could be the most critical level at present. A bearish butterfly harmonic structure completes in the required PRZ & reasons for fall discussed below & shown on the price chart.
Possible Reasons for Fall
Bearish Butterfly Harmonic Structure
Evening Star Candlestick Formation
Psychological level 39500
Bearish Divergence ( RSI)
Stop Loss
Above 39505
Targets Downside
Target 1 - 39120
Target 2 - 38740
Target 3 - 37691
Target 4 - Will unfold once wave develops
Thank You
Possible Reasons for Fall
Bearish Butterfly Harmonic Structure
Evening Star Candlestick Formation
Psychological level 39500
Bearish Divergence ( RSI)
Stop Loss
Above 39505
Targets Downside
Target 1 - 39120
Target 2 - 38740
Target 3 - 37691
Target 4 - Will unfold once wave develops
Thank You
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:
09:57 Hrs / 18th Aug 2022
Last @ 39553
Opened gap down at 39365 & day low at 39291 -bounced upside to beyond 39505 & took our stops.
I won't stand in the upside extended wave which is currently happening so please be careful at these highs.
Last @ 39553
Opened gap down at 39365 & day low at 39291 -bounced upside to beyond 39505 & took our stops.
I won't stand in the upside extended wave which is currently happening so please be careful at these highs.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)