Technical Analysis 23-April-2019
Price in Bearish way touched lower trend line and have a small Correction . Although Bearish trend line can continue but because we are on trend line we have doubt a bout bearish movement .With this condition the best solution is wait for appear signs for new movement .After that enter position .
Price is take place in drawn channel .Currently we are going to lower line of channel . in addition we are in a triangle pattern too . we expect each side of triangle break out have a sharp movement . Although we expect break out lower line of triangle with more probability .
price is moving in drawn channel and currently move to lower line of channel . After touching lower line of channel we expect a return with bullish movement otherwise if this line break we go in a short position .
Price is around the lower line of channel and support area . We have a good opportunity for buy if we see a return signal . Other wise if support area and lower line of channel break out we input on short position .
Currently price is take place in a triangle pattern in bearish movement . we expect touched lower side of triangle .
As you Can see in the chart picture price is on the lower line of channel . It seems time for return but price trend is strong .So if we want input on long position must wait for signal . Otherwise bearish can continue .
Price is around lower line of new channel . It is time for waiting and check This lower line if we have a good signal we can input long position other wise if break out the channel we input on short position .