Golden Cross is formed in the Saarlik period, the formation is close in the daily period.
1) Falling Wedge Pattern
Price crashes by hitting the lower band and upper band of the pattern.
It is expected to go to its target with the Break when the Breakdown occurs by passing the last upper band.
Price pullbacks can be seen.
The approval process is ongoing.
Formation Targets: 390.50
Other Targets: 532-786.50
Support and resistances are present on the chart.
STOP: 143,70
2) Deep Crab Harmonic Patterns
The exit level of the formation is accepted as the upward turn point from the last low level,
If the value goes down from the stop level, the formation is invalid.
When the existing formation is broken, a new formation may occur,
Harmonic pattern targets are available on the chart. Target4 211.50
Stop : 107.70 (Harmonic Pattern)
The news feed+Index is followed carefully, it should not be forgotten that it is a period with high volatility.
INDICATORS:
Bottom Hunter:
Bottom Receiver:
CCI:
-There is no rule that any formation holds 100%.
-However, the technique acts according to a certain algorithm.
-Technical Analysis is to interpret the past price movements to the future with Patterns and Indicators, it is only a forecast.
– The more important it is to take profit in transactions, the more important the STOP point is to avoid making a loss. No transaction can be made without STOP.
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