Fahad-Rafique

Fahad-Rafique

Price was in a downward trend respecting the descending trendline, however it formed a triple bottom formation, and broken previous lower high signaling bull's control. If the bullish momentum continues and previous higher high is broken then we can expect a reversal as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in an uptrend, respecting the ascending trendline, however now it seems that bulls are exhausted as a double top along with bearish divergence has appeared on four hourly time frame. Moreover, the price also reached the projection of AB = CD pattern, and hence this could be a possible reversal zone. Targets are mentioned on the chart.

Fahad-Rafique

Price is in a strong downtrend, and has printed a lower low followed by a lower high, the trend is more likely to continue with no divergence on RSI. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend, however the bulls seem to have assumed control of the price action as previous lower high is successfully broken, and a higher high is printed instead. If the bulls maintain pressure then we will see the break of descending trendline and previous higher high, which according to Dow theory is a classic sign of bullish reversal....

Fahad-Rafique

Price was in a strong downtrend, however the bulls seem to be assuming control of the price action after the emergence of matured bullish divergence on four hourly timeframe. First higher high is created successfully and if the bullish momentum continues then we can expect a bullish retracement. Targets are mentioned on the chart.

Fahad-Rafique

Price is in a strong downtrend, and is respecting the descending trendline. With no bullish divergence, and rejection from trendline, it seems that bears are in control of the price action. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong down trend, however a bullish divergence appeared on 4H timeframe which led to the break of descending trendline. Moreover, an inverse head and shoulder is also completed, indicating the control of bulls. Further. a higher high followed by a higher low is a confirmation of a bullish reversal as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend, however a bullish divergence and a double bottom formation has emerged on four hourly chart, hinting the control of bulls. If the descending trendline is broken successfully, then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend, however it has given a trendline breakout indicating that bulls are trying to win control of the price action following the emergence of a bullish divergence. Targets are mentioned on the chart.

Fahad-Rafique

Bulls are in control of the price action, as on macro level the trend is bullish, printing higher highs and higher lows. Price went down for a retracement and has once again respected the ascending trendline, moreover a bullish divergence also appeared on four hourly time frame, indicating strong grip of bulls. If previous lower high is broken then we can expect a...

Fahad-Rafique

The macro trend was bullish, however the price went down for retracement and was respecting a descending trendline since August, however now it has given a breakout after the emergence of bullish divergence. Bulls seem to be in complete control of the price action and previous lower high is also broken successfully, hence we can expect new highs as per Dow theory....

Fahad-Rafique

Price was in a downtrend, however a bullish divergence has led to the break of previous lower high signaling the control of bulls. If the momentum sustains then we can expect further upside in price action as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend respecting the descending trendline. However, bullish divergence followed by the break of trendline hints the control of bulls. If the bulls manage to break previous lower high then a bullish reversal is on the cards as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

The macro trend of price action is bullish fueled by a humongous insider transaction. Bears assumed control of the price action for few months which resulted in a good retracement. However, now the descending trendline is broken and a double bottom reversal pattern has also formed that led to the break of previous lower high, indicating that bulls have assumed...

Fahad-Rafique

Price is in a strong uptrend, and after a good retracement the price seems to be on track for next leg up. According to AB = CD pattern also the projected target for this rally are around 15.50, which seems easily achievable as there is no divergence yet on the daily time frame with bulls in the driving seat. Targets are mentioned on the chart.

Fahad-Rafique

Price is in a downtrend, and seems like that after a small retracement and testing the descending trendline it will continue its journey south. An evening doji star has also appeared further confirming bearish sentiments, moreover there is also a bearish divergence on hourly time frame indicating the control of bears. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend, however the break of trendline indicates the control of bulls. If the pressure persists then we can expect further upside movement as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend, however the break of descending trendline coupled with bullish divergence hints that bulls are assuming control of the price action. If previous lower high is broken then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.