Has been rising continuously from the past 7 days, today was the first day since it broke the previous day low,
Short only if the previous day low is broken with stop loss at previous day high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the ...
Infratel - Perfect example of bearish price Channel.
A price channel is a pair of parallel trend lines that form a chart pattern. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance.
How to trade this?
1. When the price hits the top of the channel, take a short ...