If you were part of the bull move in past 5 days congrate. for me I was too sick to trade, but one can not ignore how beautiful this chart is.
there are signals are over. all it needs some guts and some planning.
Time to Sell... Why you ask?
1.beautiful bearish move respect to upper and lower bands
2.bouncing back at each strong demand /Support zone
3.Reaching double Supply and support zone
4. 5 Green bars at the major supply level.
5. Volume Divergence
this can be traded 2 way aggressive or conservative.
1. Aggressive plan. breaking the position into 2 pcs with 1 back up.
starting to sell 4365, 4415, 4445 if it moves that far up
Stop loss 4470+/-
profit taking, I will start taking profit when price moves below 4350+/- pcs by pcs I will hold a pcs if it breaks a new low.
2. 1. Conservative plan.
Waiting for first Red day, if Red day closes below the open of the previous day I will enter full position.
Stop loss a few points above high of the Red Day.
profit taking, I will start taking profit at 4325, 4280-4300 and one pcs if price moves further down.
Good luck
there are signals are over. all it needs some guts and some planning.
Time to Sell... Why you ask?
1.beautiful bearish move respect to upper and lower bands
2.bouncing back at each strong demand /Support zone
3.Reaching double Supply and support zone
4. 5 Green bars at the major supply level.
5. Volume Divergence
this can be traded 2 way aggressive or conservative.
1. Aggressive plan. breaking the position into 2 pcs with 1 back up.
starting to sell 4365, 4415, 4445 if it moves that far up
Stop loss 4470+/-
profit taking, I will start taking profit when price moves below 4350+/- pcs by pcs I will hold a pcs if it breaks a new low.
2. 1. Conservative plan.
Waiting for first Red day, if Red day closes below the open of the previous day I will enter full position.
Stop loss a few points above high of the Red Day.
profit taking, I will start taking profit at 4325, 4280-4300 and one pcs if price moves further down.
Good luck