price making higher high occilator making lower low
hello trading viewers
ITC daily
where price making higher high but occilator making lower low
there is two possiblity here
case 1 if price crossing up recent resistance and sustained
than upside possible for ab=cd , or pole n flag
case2 if price crossing down below recent support and sustained
than downside possible for kind of M pattern or corrective pattern
so in both case support and resistance is the key point in this trade
ITC daily
where price making higher high but occilator making lower low
there is two possiblity here
case 1 if price crossing up recent resistance and sustained
than upside possible for ab=cd , or pole n flag
case2 if price crossing down below recent support and sustained
than downside possible for kind of M pattern or corrective pattern
so in both case support and resistance is the key point in this trade
Uwaga
if price crossing up above recent resistance and sustained than nearest support is stoploss for long
if price crossing down below recent support and sustained than nearest resistance is stoploss for short
Uwaga
final conclusion = price making oscillators , NOT oscillators making price
bole toh BHAV BHAGWAN HAI
Uwaga
when market is in uptrend only try to find SUPPORT
when market is in downtrend only try find RESISTANCE
Uwaga
Disclouser : I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
Uwaga
breaking upside possible pole n flag setup in comming daysUwaga
support is still safe so new high in the blue sky
Uwaga
Uwaga
support break today
Uwaga
490 and 450 is next target in downside
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