In the above chart the price is getting rejected again and again by touching the neckline in this type of pattern we should take bullish trade only and we will take the trade only when the price breaks the neckline and take a retest.
Sometime we make this mistake when ever the price breaks the neckline we immediately buy there and our trade fails.We don't want make such a mistake; we wait again whenever the price break the neckline. when the price takes a retest tries to move up with a bullish candle, we have to buy.
Sometime we make this mistake when ever the price breaks the neckline we immediately buy there and our trade fails.We don't want make such a mistake; we wait again whenever the price break the neckline. when the price takes a retest tries to move up with a bullish candle, we have to buy.