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Self explained chart
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly...
As many of my followers were asking about PRINCEPIPES, here is my view, Plz read the whole If still, your setups match go for it :)
Logic points --
1) On Monthly charts, It has not given a good retracement
2) On the day chart if you make a Fibonacci retracement from the lowest part till the near term high then u will see a retracement of only 0.2
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🔰Watch the stock carefully :)
🔰Once you see a good breakout above this line (the pink one ) A good setup is initiated there
🔰DAY candle only ( strictly educational purpose ) :: A tip :: close above the line only on 3:20 pm would be a good setup creation :)
🔰Happy trading everyone :)