1. It is travelling in a 7 year channel pattern from 2015.(red and green line) 2. I noticed the shorting possibility at the purple trendline breakdown...forgot to add the idea here. 3. Now, it has formed a beautiful bearish flag and given breakdown again(giving a target downside to roughly 130points) 4. Target can be the Green line support down. 5. SL - 1730 (safer)....bit risky SL- 1758.25
Let's see whether it's going to take or break the support!!!
Note: just sharing my view....neither a tip nor advice!!!
Note
going good...with volume
Trade active
Note
Moving as per levels.
Note
Soon to reach our levels....
Trade closed: target reached
1620 reached....let's see whether its breaks or reverse!!!
Note
Short covering going on...we need clear candles to confirm a reversal...
Note
Still not confirmed of the reversal....we need to wait!!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.