120 being Monthly and also major Fib level Resistance. Make or Break
One must patiently wait for the candle to break and settle beyond 120 lvl with good volume to enter the action.
Earnings are on 27th of May and surprisingly there is a spike in volumes which indicates strong accumulations before earnings.
P.S This Chart is for educational purpose only.
One must patiently wait for the candle to break and settle beyond 120 lvl with good volume to enter the action.
Earnings are on 27th of May and surprisingly there is a spike in volumes which indicates strong accumulations before earnings.
P.S This Chart is for educational purpose only.
Trade closed: stop reached:
Stops of 109.50 hit