Disclaimer: This chart is for study purposes only. One should not make trades based on this. Short on the Brown trendline broken SGX has broken green trend line, its soon going to break brown one also Before doing so it may once retest the high once again
One can go short on the high resistance 12400 future leve
Trade active
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Broken Brown Trend line ... now it may act as resistance
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Its a clear short signal ..... trade for future only
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Now if tomorrow 12080 level is broken then next target is 11846 future
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Again touching trendline after crossing it. Trendline will act as resistance thus creating further fall.
Trade closed: target reached
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Trade closed. Target achieved.
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One may choose Another target 11082 ... it's far to reach but achievable if bearishness persist and the trendline is not broken