As we see, quite for a long time market following the Symmetrical Triangle Pattern. Currently, the market is in an uncertain condition may be it fall to $3600 also and can $4000 also.
The possible scenario will be market will not go down below $3400 by this week and will not cross $4400.
..
If the market has to move up so it may come up to 3650-3700 then we see a good move crossing$3800 or $4000.
..
..
Apart from this as in previous a small Symm. Tri. pattern break upside and we see a big down move and again a few days ago the same pattern and breakout and moving down and down target will be $3450 - 3500.
I would prefer to short and scalp within that...
The possible scenario will be market will not go down below $3400 by this week and will not cross $4400.
..
If the market has to move up so it may come up to 3650-3700 then we see a good move crossing$3800 or $4000.
..
..
Apart from this as in previous a small Symm. Tri. pattern break upside and we see a big down move and again a few days ago the same pattern and breakout and moving down and down target will be $3450 - 3500.
I would prefer to short and scalp within that...
Trade closed: target reached:
happy trading
