The price of 343.5 is presently resting at a support, see 20 days moving average and you will find that at a crest of this moving average price was 343.5
360 was support , got breached and now acting as resistance
342 is 50% retrenchment
340 is round figure (this one was funny !)
338 is 0.618% retrenchment
If you dont believe in funny part (340), you may also sell below 342 for target of 338.
I like to play safe, sell below 338 (0.618% retrenchment), with ultimate target of 325 with trailing stop-loss (max 5 trading sessions)
360 was support , got breached and now acting as resistance
342 is 50% retrenchment
340 is round figure (this one was funny !)
338 is 0.618% retrenchment
If you dont believe in funny part (340), you may also sell below 342 for target of 338.
I like to play safe, sell below 338 (0.618% retrenchment), with ultimate target of 325 with trailing stop-loss (max 5 trading sessions)
Comment:
Trade did not activated , wait for tomorrow
Trade closed: target reached:
trade activated and achieved first target of 334.5 , exit
or revised your stop loss above cost
or revised your stop loss above cost