Go long at present level with stop loss as mentioned in the chart.
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DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
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If slope is taken out lower rectange would be next target, otherwise as per original idea upper rectangles.
Trade active
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Consider Trail Stop Loss to next higher Low i.e below @ 22142
Trade active
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Second short entry when prices hug upper parallel of pitchfork; stop loss above previous swing high and above the bottom of the previous range @22400
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ANOTHER PERSPECTIVE FOR SHORT POSITION
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MAY BE TOMMOROW WE MAY FIND SECOND ENTRY FOR SHORT TRADE OPPORTUNITY