Hi guys..
Did you remember our analysis on market before this? If you miss our posting about that, you can reach here. Before this we target that price will be drop to second target at yellow zone $1219. because price in the making of correction. This picture below our analysis on 24th. July.
Updated Chart…
For 25th July, market show that price reach our second target.
After this, we predict that market will make a bull trend after touch yellow zone. In this chart, we also notice that have one chart pattern formation, symmetrical triangle.
If price breakout the line that we draw with blue color, then it will bull. When you use your technical analysis, just be confidence with your strategy okay.
Updated Chart…
Wow.. Its great!
Body candle break the line symmetrical triangle. As swing trader, you must know how to enter the market when you know the situation.
You can place the the pending order buy limit on that breakout line.
So, where we should target for the pit stop for market?
Updated Chart…
Check for the retracement line that close with the price.
For the swinger, you can use timeframe H4 to check the retracement line as a pit stop.
When market touch the pit stop at retracement line and price move above the line, we can check for the next target. Why price will break the retracement line? You just see the body candle that bull. It is marubozu candle with strong buyer. So, market have momentum to bullish.
Okay, we are done with this 2 days analysis.. See you soon in the next our analysis story..
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