Intellect Design Arena Ltd
Largo
Actualizado

Corrective Phase about to complete

204
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

Orden cancelada
14-3-23 e.o.d. update

Structure invalidated as 393 was broken intraday

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.