Coal India showing Ross Hook pattern
Coal India showing Ross Hook pattern :
Reasons/Traits :
• Ross Hook Pattern formation can be seen
• It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
• Price took support @ 0.5 fib retracements levels
• Volume and RSI decreasing
• Bullish Bat formation taking place (not confirmed yet)
What can happen next :
Scenario 1 : Price sustaining above 185 level can take it to 192/200/205/210/220 levels
Scenario 2 : Price break down below 177 levels can take it down to 170/164/160/152 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Reasons/Traits :
• Ross Hook Pattern formation can be seen
• It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
• Price took support @ 0.5 fib retracements levels
• Volume and RSI decreasing
• Bullish Bat formation taking place (not confirmed yet)
What can happen next :
Scenario 1 : Price sustaining above 185 level can take it to 192/200/205/210/220 levels
Scenario 2 : Price break down below 177 levels can take it down to 170/164/160/152 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Note
scenario first two targets hitNote
scenario 2 all targets hit and bullish bat harmonic pattern completedTrade fermée: cible de profit atteinte
until resistences broken, it wont go up..
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.