DRBHICOM forming double top..

Observation
1) Trend Line - Downtrend Line (Bearish) and let wait for the the breakout to accumulate
2) HH - Formed Lower Low ( Bearish)
3) MACD - Bearish Crossover (Bearish) and let wait for 4R1G on  the next 3 days ( Wednesday - 2 March)
4) RSI - Testing the support at 50% and retracing ( Bearish)
5) ADX - Weak momentum and the Bull and Bear are fighting.. (Waiting for confirmation)
6) Pattern - Formed a weak double top and retracing ( Bearish)
7) Candlestick - Formed a weak Doji Harami below the midline of the black candle stick ( Waiting for confirmation)

Conclusion
This time there will be 2 entry price

1) Risky Entry Price
Entry Price - 1.93 ( Once this rebound from the 1.89 support with MACD signal 4R1G)
Stop Loss - 1.86
Take Profit  - 2.02 (R1) and 2.19 (R2)

Risk and Reward Ration (3R)
a) Based on 2.02 (R1)
3R = 1.29  - Average Reward

b) Based on 2.19 (R2)
3R = 3.71  Good Reward


2) Safe Entry Price
Let wait until it break up above the black candle stick for Bullish Harami Confirmation
Entry Price - 2.11
Stop Loss - 2
Take Profit - 2.19 (R1) and 2.27 (R2)

Risk and Reward Ration (3R)
a) Based on 2.19 (R1)
3R = 0.73 ( Not good reward * Reject) Must be above 1 then only is good 1 to 1 odds


b) Based on 2.27 (R2)
3R =1.45 ( Normal Reward)


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