🟠 Swing Trade Setup: MUTHOOTFIN
Trade Type: Short-Term Swing
Entry Trigger: 5 consecutive red candles (bearish exhaustion)
Exit Timeline: Within two weeks
Approach: Reversal anticipation from oversold zone
📌 Trade Rationale
- The 5 red candle formation signals persistent selling pressure, often followed by a short-term bounce or reversal.
- This setup is commonly used to identify oversold conditions, especially when volume tapers or stabilizes.
- Entry is based on the assumption that bearish momentum is fading, and price may revert toward short-term mean.
Trade Type: Short-Term Swing
Entry Trigger: 5 consecutive red candles (bearish exhaustion)
Exit Timeline: Within two weeks
Approach: Reversal anticipation from oversold zone
📌 Trade Rationale
- The 5 red candle formation signals persistent selling pressure, often followed by a short-term bounce or reversal.
- This setup is commonly used to identify oversold conditions, especially when volume tapers or stabilizes.
- Entry is based on the assumption that bearish momentum is fading, and price may revert toward short-term mean.
Trade closed manually
Exit date : 30-Oct-25 at open price
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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.
Disclaimer
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.