The WEEKLY time frame has activated a Bearish Harmonic Shark. If it sustains below 1250 then it could retest 1200 and below that 1075. View would negate above 1270
1. Spot the breakout
2. wait for the retest
3. find an indication (read: divergence) that suggests prices to fall (in this case)
4. enter a trade with proper risk managment
Stay safe, learn before you can take positions! Do not just blindly follow anyone.
"Be a student & not a follower!"
1. black lines are historical demand and supply levels
2. Active gaps are shown by the yellow lines
3. Red line demonstrates a strong support level
4. Sell if that breaks with a confirmation
5. Buy if you get a rejection there with a bullish divergence
M&M finance broke out yesterday with a head and shoulder breakout in the 60 minute chart! It was a very good entry! Now another entry could be IF the breakout/MA is re tested.
