Take entry after trend line breakout and it starts moving up. it can also go downside. but its the first retest and there are more chances to take support another reason is that today most of the stocks were also bullish. so there are more chances to succeed in retest..
After reaching Target 1 price will have resistance and will form double top pattern. now you can hold your position if price is crossing target 1 and going towards target 2. and if it is shooting downside you can take a small target of short up to trend line, drawn in graph..
Study this graph in shorter time frame.
Feel free to ask or tell anything.
After reaching Target 1 price will have resistance and will form double top pattern. now you can hold your position if price is crossing target 1 and going towards target 2. and if it is shooting downside you can take a small target of short up to trend line, drawn in graph..
Study this graph in shorter time frame.
Feel free to ask or tell anything.