@RupeshKulthe, Agree that it is going down...let me explain - this is a FAILED CHART PATTERN..and i urge people to trade with SL...if 50-60% of chart patterns work it is absolutely fine...because that is how it is..does it mean that you don't earn money..NO..if you keep a R:R of 1:3 or 1:4 the winners will far outweigh the losers.. and trade with a proper SL you will make money even if 40% of chart patterns fail. Cheers
@RupeshKulthe, If you read my first post i have mentioned - i am thinking short term..for some companies that is what i mention...there are other parameters i look into also..Cheers