Usually, whenever the price gives a breakout, we will think the price will reverse or have a pullback. Sometimes the same trend will continue after a small consolidation. I am seeing similar type of consolidation here.
Buy above 390 with the stop loss of 387 for the targets 383, 396, and 399. We can expect resistance or some profit booking around 400.
Always do your analysis before taking any trade.
Buy above 390 with the stop loss of 387 for the targets 383, 396, and 399. We can expect resistance or some profit booking around 400.
Always do your analysis before taking any trade.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.