Good pick, I second that. The 2nd one is almost Butterfly. Target 307.
HarmonicsInAction1
⋅
@ElaSelvaraj, Thanks : )
GauravSharma0605
⋅
@HarmonicsInAction1 How would i get to know at which level i need to short and till when i need to carry position by seeing this diagram. Marico opened today at 321 and made 322 high...and it seems you posted this chart 9:30 A.M Today, so if i assume 320 was price at 9:30 A.M so i can make short entry in this stock and can cover at which level? Please let me know...Thanks in advance.
HarmonicsInAction1
⋅
@GauravSharma0605, No we cannot short just like that. Once the price touches atleast one of the two horizontal lines, then we start looking for Price action that confirms reversal. Once reversal is confirmed we take entry.
Altough it made high of 322, i Shorted only at 317.