Bearish Bat can activate below 161 for 159- 156.50-154.50 & finally 152. My important part of trading is risk management -if you can manage the risk you become winner in the trade.
So, trade set up activates below 161 & one should put stop loss of upcoming high or high which is already in place above mentioned targets.
Trade active
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09:40 Hrs 1st Aug2017
Last Price@160.65
1st Big Candle for the day starts downside.
Trade active
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09:48 Hrs 1st Aug2017
Day Low@158.65
Last Price@159.90
1st Target done - & short bounce starts from 159 zone - hot & awesome.
It is a comment only - PNB now struggling to go down below 157-156 is giving us a hint that it wants to travel upside & likely once it starts moving above 158.50-159 & crosses above that zone then holding 156 & below shall be key level for bulls. Here Bulls could Take PNB above 159 for 164-176+ There is a double top@164.50(our pattern above)- once crosses that as well shall good bullish sign for next moves upside. You need to do analysis at your end to confirm. I have just put the idea. Thanks.