It's pretty clear right now we're in a symmetrical triangle and that a break to either the downside or upside is equally possible.
With this in mind, I am slowly selling as we reach the end of the triangle. Since both scenarios are equally likely, statistically it doesn't matter if you hold or sell, but I prefer a low risk lower reward style.
If we break to the downside, I will be fine as I have sold a majority of my position and face a limited downside risk. However, if we break upwards, I can easily re-enter although the rewards will be limited.
The key upper level I'm watching is 39500 and key lower level is 33500. However, there is a possibility we will continue to consolidate sideways and if that is the case I will only partly re enter.
With this in mind, I am slowly selling as we reach the end of the triangle. Since both scenarios are equally likely, statistically it doesn't matter if you hold or sell, but I prefer a low risk lower reward style.
If we break to the downside, I will be fine as I have sold a majority of my position and face a limited downside risk. However, if we break upwards, I can easily re-enter although the rewards will be limited.
The key upper level I'm watching is 39500 and key lower level is 33500. However, there is a possibility we will continue to consolidate sideways and if that is the case I will only partly re enter.