This one has one more move up left , we are in side ways correction , usually this kind of structure appear at last of the trend ,
It also indicates the trend so far has come down its about to end
Side ways correction occur during the start of new trend ( when market will change its direction form preceding trend )
any strong reversal one can look for Go long for next move up with trailing stop
It also indicates the trend so far has come down its about to end
Side ways correction occur during the start of new trend ( when market will change its direction form preceding trend )
any strong reversal one can look for Go long for next move up with trailing stop
Trade active
Comment:
Monday one can look for buying on Brake of today high , and once price moves away put the stop to cost and let it run ,