Given below is an hourly chart.
It has broken a trendline, and is headed downwards.
What can be the target?
1. The green band? (G)
2. The blue band ? (B)
3. Or the red band? (R)
4. Failed breakdown and will go up? (U)
Please answer only in G, B, R or U in the ‘comments’.
6 comments:
R
g band would be first target
U is possible if this 4th - Usually breaks trend line for small time and will try to get back to channel again.
"G" If we draw a TL from the Lowest Low.. That might coincide with the Green Band !
Upper black line :)
AP Sir. we need bigger charts.. please. -taruj
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