SBILIFE Double top Breakdown ??!!!
Обновлено
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!!!!
Сделка активна
At the perfect resistance level!!!Заметка
still the trade setup looks intact!!!!Заметка
good going as per pattern!!!Сделка активна
Сделка активна
1st target done!!!Сделка закрыта вручную
2hr closing out of the trendline...better to exit and take entry afterwardsЗаметка
looks like retracement to 1146 levels...Сделка активна
Заметка
2hr breakdown again!!!
target 2 onn!!!
Сделка активна
Заметка
2nd target done!!!Заметка
lower low formed....tested the low of 1st feb long bearish candle....Сделка закрыта: достигнута тейк-профит цена
3rd target too done & dusted!!!1045 support level
let's see if it break it or not!!!
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