But as we cannot predict the market, we just keep two views what if it goes up and what if it goes down, well if that was your idea to exit long if it goes down then you did it right.
hemant in the above chart put on by me....see the bottom red line (left corner) to straight up passing pl to the high of break out bar....the next bar retraced...so i exited...this is as per my analysis...i could be wrong though..
But as we cannot predict the market, we just keep two views what if it goes up and what if it goes down, well if that was your idea to exit long if it goes down then you did it right.
no i didnt exited just thinking that now it should go down...i have put my reason above in reply to hemant's post...pls keep putting yr views..thankyou..
hemant in the above chart put on by me....see the bottom red line (left corner) to straight up passing pl to the high of break out bar....the next bar retraced...so i exited...this is as per my analysis...i could be wrong though..
no i didnt exited just thinking that now it should go down...i have put my reason above in reply to hemant's post...pls keep putting yr views..thankyou..
My view, harsh if was looking at different perspective, of consolidation, then he was right, and also he had mentioned his reasoning for the same with his chart, to add to his point. Let me add my chart of gimme bar, which gives a sell signal.