Hi Friends;
Analysis for the day : Down day, so look for only short opportunities.
Entry zone: The entry zone has been indicated with red box.
Reason 1: Price at Resistance
Reason 2: Shooting star (sell signal as per candlestick theory).
Reason 3: Price breaks the resistance and unable to sustain above it.
Reason 4 :Price on weak pullback towards resistance.
Stop Placement: you can place the stop at shooting star high or even at day's high.
Analysis for the day : Down day, so look for only short opportunities.
Entry zone: The entry zone has been indicated with red box.
Reason 1: Price at Resistance
Reason 2: Shooting star (sell signal as per candlestick theory).
Reason 3: Price breaks the resistance and unable to sustain above it.
Reason 4 :Price on weak pullback towards resistance.
Stop Placement: you can place the stop at shooting star high or even at day's high.
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