H&S TOP,WAVE B SYMMETRICAL TRIANGLE DONE.SHORT ON BREACH OF 1325
STOCK HAS COMPLETED ABCDE OF SYMMETRICAL TRIANGLE.NOW GENERALLY TRIANGLE APPEARS IN WAVE B OF ABC CORRECTION,MEANING WAVE C DECLINE IS YET TO COME.
IMPORTANT FIB RETRACEMENT LEVEL OF 61.8% OF ENTIRE UP SWING IS COMING @ 1325 ALONG WITH MULTIPLE PRICE SUPPORT BETWEEN 1320-1325.
LOOKS LIKE WAVE C DECLINE HAS STARTED MEANING ON THE BREACH OF 1320-25 ZONE PRICE CAN DECLINE TO 1230 (1:1 EXTENTION TARGET OF WAVE C)
ALSO ON A CLOSER LOOK IT IS MAKING H&S TOP PATTERN NECKLINE OF WHICH IS COMING @1325.
AGRESSIVE TRADE ON SHORT SIDE CAN BE TAKEN @ CMP OF 1330 WITH A STOP-LOSS OF 1356 AND EVENTUAL TGT OF 1231.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
IMPORTANT FIB RETRACEMENT LEVEL OF 61.8% OF ENTIRE UP SWING IS COMING @ 1325 ALONG WITH MULTIPLE PRICE SUPPORT BETWEEN 1320-1325.
LOOKS LIKE WAVE C DECLINE HAS STARTED MEANING ON THE BREACH OF 1320-25 ZONE PRICE CAN DECLINE TO 1230 (1:1 EXTENTION TARGET OF WAVE C)
ALSO ON A CLOSER LOOK IT IS MAKING H&S TOP PATTERN NECKLINE OF WHICH IS COMING @1325.
AGRESSIVE TRADE ON SHORT SIDE CAN BE TAKEN @ CMP OF 1330 WITH A STOP-LOSS OF 1356 AND EVENTUAL TGT OF 1231.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
Trade closed: stop reached