In Tata Motors you will notice that after the trendline breakout there was a panic selling,
traders who have short there and thought it was just a retracement when the price was reversing were trapped
This is also a fakeout Setup
Where smart traders went long!
If you are passionate and want to learn this kind of Professional Price Action Techniques You can contact me
Only with the PRICE ACTION you will be able to trade this moves which provides you great R:R
If you are interested to learn those price actions skills and implement them in your trading setup feel free to contact me!
What is Eos ?
EOS stand for Edge of Space. It is basically a line drawn at the previous Swing High or Swing Low. If the price breaks and closes below the previous swing low making a new lower low, we say that the market wants to go down. However, if later the price rises and cloese above the EOS line, (which might be the case with RCom), we consider it a fake out...