🔰 MY thought process : ⭐Symmetrical pattern BO again at monthly resistance
🔰Am I taking this trade now: Already in it :)
🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
We booked half position on Friday.. If u mark trendline using tail then current price still inside the channel.. So Monday it could be breakout or reversal.. Thank you
Averoy_Apoorv_Analysis
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@Drrohan, well you can surely do that but then u will get only 2 touches the wicks, and my trendline have more than 3 or 4 body touches, makes it a better trendline than the one joining the wicks only , no one can be sure of the delivery on next day but still the breakout has happened, although SL should be maintained :)
@rajdufare123, well there is nothing like surety in market :) It's a high probability trade as such patterns on weekly TF resistance usually gives good moves. still SL of 5% is intact
dnnagaraj
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Congrats, well noticed. Keep it up,. All the Best for you.......DNN