Trend line support and DragonFly Doji
Updated
Strong trendline support
Each time it came near trendline it took to support, formed a Dragonfly Doji candle, and then reversal happened.
Points to consider
1. Strong trendline support
2. Dragonfly Doji
3. 50 SMA support
4. Price rejection near the trendline.
5. Limited risk
Buy Above sustaining of previous day high.
Target 1455/1480
Wait for the confirmation, use TSL, and wait for the targets.
(Only an Educational view)
Each time it came near trendline it took to support, formed a Dragonfly Doji candle, and then reversal happened.
Points to consider
1. Strong trendline support
2. Dragonfly Doji
3. 50 SMA support
4. Price rejection near the trendline.
5. Limited risk
Buy Above sustaining of previous day high.
Target 1455/1480
Wait for the confirmation, use TSL, and wait for the targets.
(Only an Educational view)
Trade active
Trade is active and made high of 1439. Stay in trade for more profits
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