iCharts Discussions

[Arjun20]

Hello seniors,
Attached are two TF charts, one is weekly and second one is daily(which is recent).
I observed that in weekly, if we take as 2009 low and 2010high as reference swing and draw Fibonacci retracements, it has taken support at 38.2% level twice. Once during feb2011 low and then in Aug.
Now, if we take a look at daily charts, it taken support and gave a bounce from that level.
Also a 'vague' inverted Head and Shoulder (on daily) is seen......is it valid?
&
weekly chart does not show lower bottom.
Is that a flag break out on daily chart?
Some feedback @ recent trend's LTLB is broken or not?

pls help me understand 'How to analyse this chart'

regards
Arjun