Fahad-Rafique

Fahad-Rafique

Price was moving in a descending wedge, however a bullish divergence hinted the control of bulls. The sentiment was further confirmed by the break of falling wedge. If the price breaks lower high successfully then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend for a couple of years and since past one year the asset is trading in the accumulation box. However, a matured weekly divergence has emerged on the weekly timeframe, indicating the control of bulls. If the accumulation box is broken then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart. P.S...

Fahad-Rafique

Price was in a strong uptrend, however now it seems that bears are assuming control of the price action. Bearish divergence coupled with double top pattern is an indication of bearish control. If the momentum sustains, then we can expect further downside in price action. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong uptrend, however the bulls seem to be exhausted for now. Bearish divergence alongside double top indicates bearish grip on price action, moreover the ascending trendline is also broken and a lower low is printed instead. If the bearish momentum continues we can expect further side in price. Targets are mentioned on the chart.

Fahad-Rafique

Price was in an uptrend, however a bearish divergence along with a double top hints the control of bears, the bearish sentiment is further confirmed by the break of previous higher low. If the momentum sustains then we can expect further lows as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price has finally given a breakout from a two year accumulation phase indicating the control of bulls. A sustained breakout from the accumulation phase with printing of a higher high is a classic demonstration of bullish reversal as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a strong downtrend, respecting the descending trendline, however a matured bullish divergence on daily time frame suggests that bulls are trying to assume control of the price action. Now it seems that the descending trendline would be broken by bullish momentum which would potentially lead of a bullish reversal as per Dow theory. Targets are...

Fahad-Rafique

Price was in a downtrend respecting the descending trendline, however now it has given a breakout and also formed a double bottom on both four hourly and daily time frames signaling the control of bulls. if previous lower high is broken successfully then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.

Fahad-Rafique

Price was in a downtrend at daily time frame and then it entered an accumulation phase, and made a matured bullish divergence indicating that bulls are finally waking up. A breakout from the accumulation phase confirmed bullish sentiments and now it freshly printed higher high is breached then we can expect a bullish reversal as per Dow theory. Targets are...

Fahad-Rafique

Price has given a good breakout from the accumulation phase and has printed a higher high, signaling the control of bulls. If bulls maintain their grip on price action and manage to break freshly printed higher high then we can expect new highs as per Dow theory. Targets are mentioned on the chart.

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.