Short sell set up (Up coming)

Hello , Every one dont get confused with chart pattern , this charting is of 7 day candle , in order to reduce the noise i have used 7 trading days candle as single candle for

Identifying the pattern , Most of you will be using daily or weekly charting method ,

My view on BPCL is

It has entered in side way corrective pattern and visually appears it has completed its B wave leg , Now its due for its Wave c corrective leg down

Now when you look on daily you might see its trying make a rally , but one can wait for daily reversal and wait for Trend brake before entering the short sell

One can look for shorting 3 Months contracts in Futures as this will be time consuming pattern

Good luck

Trade active:

now one can wait for daily pull back set up for short selling in case they are not in the trade as off now

Comment:

we are booking form 561 to 370 , all 5 lots we are booking now and we are closing this trade until we see next move

We booked 191 per lot

Trade closed: target reached