The structure indicating that the scrip in last leg of corrective phase - wave 2
Crossing Swing highs would make a valid Inverted Head & Shoulder Pattern - as the move in head was a clean 5 wave structure. A probable Trend reversal on long term chart.
We would be looking to have a starting position on green closing (daily TF) and add as and when the swing high breaks.
Invalidation point for our trade would be 393
Crossing Swing highs would make a valid Inverted Head & Shoulder Pattern - as the move in head was a clean 5 wave structure. A probable Trend reversal on long term chart.
We would be looking to have a starting position on green closing (daily TF) and add as and when the swing high breaks.
Invalidation point for our trade would be 393
Ordre annulé:
14-3-23 e.o.d. update
Structure invalidated as 393 was broken intraday
Structure invalidated as 393 was broken intraday