The concept of the setup is clearly shown on the charts. The third time, the price is around 3540. If bounces back this time too, may go to 3690, 3800, or even more.
It is a low-risk setup because if the price sustains below 3520 for a couple of days, the setup fails. one should exit below 3520 or according to the one's risk management.
The above illustration and setup are only for learning and sharing purposes. it is not a bit of trading advice in any form.
All the best.
It is a low-risk setup because if the price sustains below 3520 for a couple of days, the setup fails. one should exit below 3520 or according to the one's risk management.
The above illustration and setup are only for learning and sharing purposes. it is not a bit of trading advice in any form.
All the best.
Comment:
Bounces back. cmp 3615