Hey, what's your view on the evening-star formed recently on daily timeframe? I am new to this, so don't know when to take a position in that situation. Could really use some advice.
Aishwarya_Jain
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@angel_augustin, Hi, regret for not replying on time. the pattern is a Bullish Reversal which did gave a good return on the next day. A suggession, I was waiting for the handle confirmation (i.e. a bit of correction). You might have to keep trailing SL with this as the price may again come down (which it actually did)
angel_augustin
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@aishwaryajn99, I see, thank you for sharing that information. I have not taken a position yet, waiting for it to sustain above 160.
Aishwarya_Jain
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@angel_augustin, Thats a good choice. Entry above 160 on closing basis can give higher chances of profits.