Keep yes bank on radar tomorrow. The stock is preparing for a huge breakout with beautiful targets in 2 hour time frame.
Reasons for breakout -
1)Price is moving in a downward pennant traingle ,which is a good sign of breakout according to Elliot theory.
(Downward pennant always shoots price upward breaking lowest trendline resistance for a upmove
2) Price is preparing to finish its 4th wave of correction and setting for a huge 5th wave rally
I have shown possible targets according to Fibonacci numbers
- Confirm breaking of trendline resistance of the pennant before proceeding for trade decision.
Pennant should be broken either way in 2-3 candles
Reasons for breakout -
1)Price is moving in a downward pennant traingle ,which is a good sign of breakout according to Elliot theory.
(Downward pennant always shoots price upward breaking lowest trendline resistance for a upmove
2) Price is preparing to finish its 4th wave of correction and setting for a huge 5th wave rally
I have shown possible targets according to Fibonacci numbers
- Confirm breaking of trendline resistance of the pennant before proceeding for trade decision.
Pennant should be broken either way in 2-3 candles