One of the Classic tricks of Institutional is Spending the time between two levels where retail traders tend to take wrong decision and end up losing the trade , This has two possible move which will result in longer term momentum trading ,
1 ) If its making ABC pattern in Channel then after completion of C wave Correction the stock has to rally with very brief pull back to median line and should continue as higher high and lower high
02) IF brakes the lower low of recent price action will confirm further bearish momentum and one can look to enter after a brief pull back for bearish trade
Ideally this is the level where scripts will hit with news and the momentum will start
So waiting to get some news , in order to trade the momentum trade
Regards
Kimara
1 ) If its making ABC pattern in Channel then after completion of C wave Correction the stock has to rally with very brief pull back to median line and should continue as higher high and lower high
02) IF brakes the lower low of recent price action will confirm further bearish momentum and one can look to enter after a brief pull back for bearish trade
Ideally this is the level where scripts will hit with news and the momentum will start
So waiting to get some news , in order to trade the momentum trade
Regards
Kimara
Trade active:
Well its moving according to Fore cast made as C Wave
Trade closed: target reached:
Target Made and Now trailing my stop