SBILIFE Double top Breakdown ??!!!
Güncellendi
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!!!!
İşlem aktif
At the perfect resistance level!!!Not
still the trade setup looks intact!!!!Not
good going as per pattern!!!İşlem aktif
İşlem aktif
1st target done!!!İşlem elle kapatılmış
2hr closing out of the trendline...better to exit and take entry afterwardsNot
looks like retracement to 1146 levels...İşlem aktif
Not
2hr breakdown again!!!
target 2 onn!!!
İşlem aktif
Not
2nd target done!!!Not
lower low formed....tested the low of 1st feb long bearish candle....İşlem kapandı: hedefe ulaştı
3rd target too done & dusted!!!1045 support level
let's see if it break it or not!!!
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Feragatname
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