GSFC- Will you trade this channel for downside move till 100-102

There is a channel which can be traded at the top zone - 118-120 - will you trade? Common you must be kidding - I am a safe trader, I will trade once it starts moving below 112 which was initially hit post gap down move from 116 to 102 for target zone 100-102 - Why there is a hurry to trade-Keep cool.

Yes, Risk Takers can trade in the zone 118-120 who don't complain of losing 3-5 points as returns are huge so it depends on your style of trading.

Trading Strategy
Scenario-1 (Most preferable)
Safe traders can trade below 112 for target zone 100-102 -once it dips below 112 then can put stops above recent highs or wait for 100-102 zone if hits & look for larger trend which is upside.


Scenario-2 (Next Likely)
Going above 121.50 & sustaining above 120 likely it moves for higher targets.

You would love to read my previous updates

Media Bell Rings 116-to 102 Amazing!

Magical turn below 122

Knocked 118.80 What Next?

Rocket Move Started from 107-108

GSFC 2016 Diary- 50+ points

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

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.