Short

price rejection at resistance

Updated
price has been rejected at the resistance levels on the weekly time frame and has formed a shooting star.with the high of the shooting star a short trade can be initiated
Note
SHORTED TODAY AT 294,SL SHOULD BE A LITTLE ABOVE THE HIGH OF THE WEEKLY SHOOTING STAR ie,308 IN THIS CASE.LETS SEE HOW IT PLAYS OUT.
Note
booked half of the position at 276.will trail the rest.
Trade closed manually
booked fully at 260 as wont be able to track the market for few days due to travel.
Candlestick AnalysisSupport and Resistance

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