Biocon (Daily)
Inverted Head & Shoulders Chart Pattern
Currently the price seems to be in the last leg of the 2nd wave
May enter the 3rd wave shortly and do the breakout of the neckline of the Inverted Head & Shoulders chart pattern being formed
We'd actually be bottom fishing the 3rd wave in this case or the right shoulder of the Inverted Head & Shoulders chart pattern
Once 2nd wave is completed and the bullish reversal comes, you can calculate the target for the 3rd wave using the Trend-based Fib tool (1.6 x when you click from starting point to top of 1st wave and then on the bottom most point of 2nd wave)
Or you can simply take the depth of the head as the target
On weekly tide, there is a buy confirmation in place
Inverted Head & Shoulders Chart Pattern
Currently the price seems to be in the last leg of the 2nd wave
May enter the 3rd wave shortly and do the breakout of the neckline of the Inverted Head & Shoulders chart pattern being formed
We'd actually be bottom fishing the 3rd wave in this case or the right shoulder of the Inverted Head & Shoulders chart pattern
Once 2nd wave is completed and the bullish reversal comes, you can calculate the target for the 3rd wave using the Trend-based Fib tool (1.6 x when you click from starting point to top of 1st wave and then on the bottom most point of 2nd wave)
Or you can simply take the depth of the head as the target
On weekly tide, there is a buy confirmation in place
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。