Hero broke down from its ascending channel and it formed a descending channel.
The above are forming a cup and handle pattern on the 4hr TF.
It has bounced on the fib 0. 618 level 4 times, showing good support.
Hopefully Hero will follow somewhere along the lines of the pattern I have drawn.
This is not financial advice.
Trade at your own risk.
These are just my personal thoughts and analysis.
The above are forming a cup and handle pattern on the 4hr TF.
It has bounced on the fib 0. 618 level 4 times, showing good support.
Hopefully Hero will follow somewhere along the lines of the pattern I have drawn.
This is not financial advice.
Trade at your own risk.
These are just my personal thoughts and analysis.