Find the Resistance and Support, Due to High Selling Wick in all previous swing high, we can consider it as Very Strong Resistance. and recent price hike doesn't have any volume spike, so this time too it kiss the resistance line and would fall down. We can go short
Stock has broken the resistance level with huge volume
SiViCharts
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@rehanmeer1999, unexpected move... Triple Top, Stop loss above the resistance only save.
From Investpedio, A triple top is formed by three peaks moving into the same area, with pullbacks in between. A triple top is considered complete, indicating a further price slide, once the price moves below pattern support. A trader exits longs or enters shorts when the triple top completes. If trading the pattern, a stop loss can be placed above resistance (peaks). The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point.