SBILIFE Double top Breakdown ??!!!
מעודכן
Chart pattern look interesting for a short trade
Reasons
1. SBILIFE travelling in a Descending channel pattern( hourly time frame)
2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops)
3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!!
4. SL & Target levels mentioned @ chart as horizontal dashed lines(red & green)
5. 2 hr candle escaping out of the channel(yellow) can be less risky SL.
6. On 15th Feb(wed), Sbilife formed a Superb Bullish Engulfing day candle, but couldnot sustain.... showing the BEARS STRENGTH!!!!
7. 1113(1st target) level small gap remains unfilled!!!
Let's wait and watch how it moves!!!!
NOTE- Just sharing my view......not a tip nor advice!!!!
Reasons
1. SBILIFE travelling in a Descending channel pattern( hourly time frame)
2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops)
3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!!
4. SL & Target levels mentioned @ chart as horizontal dashed lines(red & green)
5. 2 hr candle escaping out of the channel(yellow) can be less risky SL.
6. On 15th Feb(wed), Sbilife formed a Superb Bullish Engulfing day candle, but couldnot sustain.... showing the BEARS STRENGTH!!!!
7. 1113(1st target) level small gap remains unfilled!!!
Let's wait and watch how it moves!!!!
NOTE- Just sharing my view......not a tip nor advice!!!!
עסקה פעילה
At the perfect resistance level!!!הערה
still the trade setup looks intact!!!!הערה
good going as per pattern!!!עסקה פעילה
עסקה פעילה
1st target done!!!העסקה בוטלה באופן ידני
2hr closing out of the trendline...better to exit and take entry afterwardsהערה
looks like retracement to 1146 levels...עסקה פעילה
הערה
2hr breakdown again!!!
target 2 onn!!!
עסקה פעילה
הערה
2nd target done!!!הערה
lower low formed....tested the low of 1st feb long bearish candle....עסקה סגורה: היעד הושג
3rd target too done & dusted!!!1045 support level
let's see if it break it or not!!!
פרסומים קשורים
כתב ויתור
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