Chart pattern looks good for a short trade
1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart
In weekly time frame(shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)
Let's wait & watch...how it moves!!!!
NOTE- Just Sharing my view...not a tip nor advice!!!!
1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart
In weekly time frame(shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)
Let's wait & watch...how it moves!!!!
NOTE- Just Sharing my view...not a tip nor advice!!!!
Trade ist aktiv:
going good!!!
Trade geschlossen: Ziel wurde erreicht:
Target done!!!
Kommentar:
Atlast created a lower low broke 785.05!!!
Bears hold strong!!!
Bears hold strong!!!
Kommentar:
Going as per levels ....725 can acts as good support!!
if it breaks that level by good volume...major support at 610 range
if it breaks that level by good volume...major support at 610 range
Kommentar:
Next target done!!! 725 LEVEL
At the crucial level, let's see whether it is going for retracement or continue its rally down!!
Kommentar:
Kommentar:
broke the 725 level too!!!
major support at 610range!!!
major support at 610range!!!
Kommentar:
Monthly time frame
Kommentar:
tight box range consolidation...let's see which side it gets out!!!
Kommentar:
770 can be 1st target
790 strong resistance...tough to break!!!
770 can be 1st target
790 strong resistance...tough to break!!!
dip below that point may trigger down move again!!!