DCB Bank
First pattern of Bearish shark completed nicely and now a Bullish Gartley seems to be in the works.
Rechecking the chart shows following observations
SORRY FOR THE TOO MANY CRISSCROSSING OF LINES AND PATTERNS ETC...
1. A bullish Gartley seems to be coming up. Point D looks to be a good reversal point.Also co-inciding roughly with a Fibo level retracement.
2. This will be provided it breaks the trendline support at trendline marked in green; which is also part of a wedge and if it does breakdown then it will be a WEDGE BREAKDOWN...
3. Past few days session price has taken resistance at 50 EMA also.
And mostly if XB (also the green trendline) is broken then mostly will go onto hit PRZ.
First pattern of Bearish shark completed nicely and now a Bullish Gartley seems to be in the works.
Rechecking the chart shows following observations
SORRY FOR THE TOO MANY CRISSCROSSING OF LINES AND PATTERNS ETC...
1. A bullish Gartley seems to be coming up. Point D looks to be a good reversal point.Also co-inciding roughly with a Fibo level retracement.
2. This will be provided it breaks the trendline support at trendline marked in green; which is also part of a wedge and if it does breakdown then it will be a WEDGE BREAKDOWN...
3. Past few days session price has taken resistance at 50 EMA also.
And mostly if XB (also the green trendline) is broken then mostly will go onto hit PRZ.
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scrip not moving as per expectations