Hit Like/comment if this information is useful.
Trade Safe, Stay Healthy.
Any bounce from 158 should be considered as an exit.
i came to know about this: A long trade can be entered above the high of the second day's white candle. Place a sell on stop order below the low of the pattern to limit your loss, in case the down trend continues to go down.
but i can not really understand it.
If this stop is too wide and is beyond one's risk appetite then one can either miss the trade or wait for retracement near 155-156, Stop would be thus quite manageable.