UBL Brewing down to its Major Support ??!!!

ที่อัปเดต:
Chart patterns look apt for a short trade in UBL

REASONS


1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now.(shown below)
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2. Right now, it is under its down swing move inside the Ascending channel pattern

3. In Daily timeframe, Bearish Flag pole pattern developing and due for BREAKDOWN!!!(shown below)
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4. In 4 hr time frame, it is looking good to enter the trade (STRUGGLING TO MAKE HIGHER HIGH)

5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line)
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6. Target(bright green)& strict SL(bright red) levels mentioned as Horizontal dashed lines

Let's wait & watch how it moves!!!!

NOTE- Just sharing my view....not a tip nor advice!!!

Regards,
mmjimm ;-)

บันทึกช่วยจำ
สแนปชอต

Breakdown!!!! needs to break 1422.65 to form a lower low confirmation!!!
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still inside the range!!!!
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Made lower low!!!!
สแนปชอต
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Day candle Breakdown with extraordinary volume!!!
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การซื้อขายยังคงดำเนินอยู่
1st Target done!!!!
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สแนปชอต
บันทึกช่วยจำ
still respecting the level!!!!
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WEEKLY Bearish Engulfing candle!!!
still our levels intact!!!
Ascending ChannelBearish FlagChart PatternsprobabilityTrend AnalysisUBLunitedbreweries

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