PFC- swing trade

30 июн. 2021 г.

Here's the 15 mins chart for you, which shows that the bear's aren't powerful enough to break the bull's neck by crossing the MACD centre line. If you look at the weekly chart, you get to see that our first resistance is at 132.25 (R1) and the other one is at 137.70 (R2). Tomorrows opening should be above or equal to the close of today's closing.

More details will be updated.

P.S - I failed to provide you 6% intraday gain on JK paper's which came in my radar before that move.

14 июл. 2021 г.

Комментарий

Classic example of how script has reversed from the resistance point. As insinuated in above description, it was clearly mentioned that the upcoming candle's opening should be above or equal to the closing of the previous closing. That is one reason we need to check thoroughly before taking any position in such breakout's because you don't want to be left alone at the pinnacle and make loss as smart money has already sold you the script while making extra profit from you. Be aware of such pseudo breakouts.