It is been observed on daily chart that the price action forms a Bearish Pin Bar Candlestick formation indicating Buyers exhaution and Sellers taking over the price action. It shall further put the price action down to previous support levels at around 74.
Target: 74
Stoploss: 79
Target: 74
Stoploss: 79
Trade active
Note
Today, Another Exhaustion Candlestick shall be made, indicating higher price rejection or greater consupmption of selling contracts on higher price levels. RegardsTrade active
Trade active
Note
Reaching to TargetTrade closed: target reached
Target reached successfully. Regards
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.