last candlestick

MSN1979

Well-Known Member
#11
Well all views are valid, because it is each individual's perception of the price action. When looking at daily chart we can also assume break of double top with a target around 300. In the monthly chart, we see a pause of the uptrend with a consolidation band of 300-380.
It does not matter whether a particular interpretation is correct, but what matters is how we trade with varying views on price action/ranges. My ideal trade will be around 370 mark with a sell stop at 380 or 310 with a buy stop at 300. Of course, I don't live in an ideal world :)

yes Pradeep ji agreed. Shorting a double top made more sense shorting now (atleast for me). This is the price where buyers would be active not sure exactly at what point as you mentioned could be near 300 levels. Thanx for the great insight.