Reliance Chart in following leaps,
Slightly in Downtrend, (from OCT2020)
Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action)
A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling)
RSI is not oversold, in higher time frames, and in lower's reaching to Oversold.
Confirming, to reach oversold level, at H&S target. Or bounce back to new highs at pre-support levels.
Bonus:
Current price's Hype & high is also due to on past H&S at bottom Between Jan2020 and June 2020.
Price reached past target now slightly in Downtrend.
Traders may square off and reopen at low prices, until any positive sentiment news appears "_"
Consider my work as beginner's.
Hoping, analyzed, well sortoff.
-VK
Slightly in Downtrend, (from OCT2020)
Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action)
A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling)
RSI is not oversold, in higher time frames, and in lower's reaching to Oversold.
Confirming, to reach oversold level, at H&S target. Or bounce back to new highs at pre-support levels.
Bonus:
Current price's Hype & high is also due to on past H&S at bottom Between Jan2020 and June 2020.
Price reached past target now slightly in Downtrend.
Traders may square off and reopen at low prices, until any positive sentiment news appears "_"
Consider my work as beginner's.
Hoping, analyzed, well sortoff.
-VK
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.