We identified this pattern way before and we are looking short sell on reversal
We used 3 day price action to take entry and we are currently holding this short sell from 1200
We expect this pattern to complete its down ward move till 750 , One can look for adding short in case there is any pull back , stop would be close above the 1200 with strong candle on daily ,
Its a positional trade you can look to trail and roll over in case enter on 1 Month Future contract , If entered on 3 Month contract expect to cover near the forecast with in the time frame of the contract expire
The advantage of Going for Pro Paid version is always beneficial one can identify potential turn around and patterns its forming with clear view
Good luck
We used 3 day price action to take entry and we are currently holding this short sell from 1200
We expect this pattern to complete its down ward move till 750 , One can look for adding short in case there is any pull back , stop would be close above the 1200 with strong candle on daily ,
Its a positional trade you can look to trail and roll over in case enter on 1 Month Future contract , If entered on 3 Month contract expect to cover near the forecast with in the time frame of the contract expire
The advantage of Going for Pro Paid version is always beneficial one can identify potential turn around and patterns its forming with clear view
Good luck
Comment:
Dropped largely , not an good idea for adding short sell , one can wait for pull back on daily close , at this stage its not advised for adding shorts