LTIM tax news has bought a downfall in the price but we need to consider its strong bullish momentum. Trendline breakdown is already given but instead of fall it is sustaing.
May give a strong reversal from here since short positions have been made.
I am expecting this a major fakeout before good rally.
SL and TP are mentioned in chart . trade as per your analysis just a view .
Note
we hit our TP 2. Just remember fake outs have a very good RR ratio including higher winning probabilities.
Note
Hope you enjoyed the idea all targets achieved. Power of fake breakouts :)
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.