GWLC - PSX - SWING Trading Technical Analysis - Harmonic Pattern
On Monthly TF, two harmonic patterns have been drawn. Gartley (94% complying) and Butterfly (88% complying).
In this bull run prices are moving way to fast. And due to market sentiments Bulls are in control. In normal bull run Gartley pattern will be complied before price drops but chances are that price will make new All Time High and follow Butterfly.
RSI is around 80 without any sign of reversal; however, minor retracements are normal but overall price will stay in up trend.
LONG Buy Trade Call
Buy-1 : 50.78
Buy-2 : 61.00
SL: 39.00
TP1: 57
TP2: 78
In this bull run prices are moving way to fast. And due to market sentiments Bulls are in control. In normal bull run Gartley pattern will be complied before price drops but chances are that price will make new All Time High and follow Butterfly.
RSI is around 80 without any sign of reversal; however, minor retracements are normal but overall price will stay in up trend.
LONG Buy Trade Call
Buy-1 : 50.78
Buy-2 : 61.00
SL: 39.00
TP1: 57
TP2: 78
Transaction en cours
TP1 following Gartley Pattern of 57 has been achieved. After booking some profit holding for TP-2 (78).New Buy entry can also be taken at current Market price of 42.83 (around). TP should be around 65 and then 78.
Trade fermée: cible de profit atteinte
TP-2 reached. Trade was closed with 70% profits in 10 months.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.