Long position after consolidation during one week ore more.
the highlighted SL defined as per the next resistance.
Keep an eye on this zone
As shown in this chart, there are 02 pissible cases:
- Break of momentum at 7339 level;
- BO that can gives more up towards 7539
So nowwait and see.
Let's see if is talking about another initiated channel.
keep an eye on the S1 & S2 and buy
TP & SL setup shall be expected as per uptrend indicated in my last idea.
Have a cup of tea and wait until Feb 2017
We can expect some correction before dowtrent towards 121.7xx level.
It depend on intraday trading strategy
We can return back to 05, may scenario.