Short
Short
Positional Short
Entry: 32 (aggressive)
: Wait for breakout of neckline and
wait for successful retest of neckline
(Conservative)
Target 1: 30.20 (aligned with Fib 0.382 retracment)
Target 2: 25 (not aligned with Fib 0.618 retracment, Fib 0.618 retracment is 23.25)
Risky trader can target for 23.35.
SL 37 (on closing basis)
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.
Entry: 32 (aggressive)
: Wait for breakout of neckline and
wait for successful retest of neckline
(Conservative)
Target 1: 30.20 (aligned with Fib 0.382 retracment)
Target 2: 25 (not aligned with Fib 0.618 retracment, Fib 0.618 retracment is 23.25)
Risky trader can target for 23.35.
SL 37 (on closing basis)
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.
Note
It is not double bottom it is double top. by mistake, I have written top as bottom .
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