Price has now reached 1790, the previous price neckline. Avoid getting on the retail short bus and stopped out at this level.
Wait for the important zones, the minor zone, has a chance of being wiped and we may potentially see us reaching the major zone of 1830, before shorting. It can also respect the zone and we may see a large influx of short volume, we must wait and see what price action is indicating.
Summary: Avoid getting in too early at CMP 1790.
Wait for the important zones, the minor zone, has a chance of being wiped and we may potentially see us reaching the major zone of 1830, before shorting. It can also respect the zone and we may see a large influx of short volume, we must wait and see what price action is indicating.
Summary: Avoid getting in too early at CMP 1790.