Breakout & consolidation in descending triangle!
Long term bear trend breakout with good volume..
Consolidation in descending triangle..
Entry only on breakout and candle closure on Daily TF..
Resistance lines to be monitored for any reversal.
Targets are as per fib levels..
Chart is only for educational purpose & not a recommendation for buy or sell..
Consolidation in descending triangle..
Entry only on breakout and candle closure on Daily TF..
Resistance lines to be monitored for any reversal.
Targets are as per fib levels..
Chart is only for educational purpose & not a recommendation for buy or sell..
Kommentera:
It has broken down side and took channel support (overall sentiment is down in Mid & Small caps).. Shall wait for Trend reversal in Daily TF..
Kommentera:
Buy trigger above 126 if reverses from here.. Day candle closing basis