praveen.bhatiya

Three Drives Pattern : Reversal

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praveen.bhatiya アップデート済   
NSE:NIFTY   Nifty50指数
There is global bloodbath in the market and we have bad news everyday, so talking about a reversal in this scenario seems insane, however there is a nicely formed Three Drives Pattern and every low of the price is associated with higher MACD values clearly showing divergence. Would it be able to reverse the price only time can tell. It is easy and advisable to follow the trend instead of hunting for trend reversal. But a buy trade is possible only if market trades high of today in coming days. if that happens the low of today should be protecting SL. We can put initial RR ratio of 2 and see how it develops further.
Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
トレード稼働中:
Doing well
トレード稼働中:
Booked part profit and rest is continuing with trailing stop loss. :)
トレード終了: 利益確定目標に到達:
Closing the position on Target price :)

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