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T_Harth
2020년 11월 11일 오전 2시 24분

TATA CONSUMER Bear Pennant Pattern 

TATA CONSUMER PRODUCT LTDNSE

설명

Can you see the Chart is speaking very clear?!

- 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance
- On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now
- Also notice how Price cannot sustain above Anchored VWAP from the Tops
- Price is heading back to 440- 420 on the downside
- Bearish view negates above 520
- Enjoy the Downride and avoid Longs since it was just a Pullback within a Bear trend

거래청산: 스탑 닿음

View negated
코멘트
Lavin123
It’s ascending triangle in formation
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