Dealing with 4-chart "extensively research" at Reliance price...

2020年5月2日

Volume vs. Price Action:

Points to be focus on:

• Gap (run away type)
  
• Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
  
• sequence of tails (sign of existence negativeness)
  
• Interruption began to push price upward.

Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price will T1 as target.


Fibonacci Retracement:

confluence zone 1353 to 1329 target
next target 1250 nearby if sellers will continue.


Wave analysis theory (unconfirmed):



Parallel Channel and Project:

T1 -1375 to 1380