Following is the bird-eye view of SRF point-wise:
1 and 2) I see two patterns here on a Weekly time frame; 1 is a parallel channel, and 2 is a symmetrical triangle
( Note: Both can be bullish or bearish patterns depending on their previous more significant wave, here it was bullish )
( Note 2: Currently sitting at the support of bottom parallel channel making a W pattern and sitting at bottom support of symmetrical pattern too )
3) It's a Fibonacci extension, made for the consolidation zone - High and Low, For Futures higher Targets.
4) Steep CT: It's a steep counter-trendline breakout, giving us the probability of future upside potential
5 is the probable weekly time frame SL and 6a is probable Weekly time frame basis and pattern top basis Target 1, 6b and 6c are fibo ext target as taken from point 3
1 and 2) I see two patterns here on a Weekly time frame; 1 is a parallel channel, and 2 is a symmetrical triangle
( Note: Both can be bullish or bearish patterns depending on their previous more significant wave, here it was bullish )
( Note 2: Currently sitting at the support of bottom parallel channel making a W pattern and sitting at bottom support of symmetrical pattern too )
3) It's a Fibonacci extension, made for the consolidation zone - High and Low, For Futures higher Targets.
4) Steep CT: It's a steep counter-trendline breakout, giving us the probability of future upside potential
5 is the probable weekly time frame SL and 6a is probable Weekly time frame basis and pattern top basis Target 1, 6b and 6c are fibo ext target as taken from point 3
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🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
✅ WhatsApp (Learn Today): wa.me/919455664601
📈 Telegram (Learn Today): t.me/hashtaghammer
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.