- first short trade at circle (test of resistance and failure)
- break of swing low was second short signal (second arrow)
- trailing stoploss hit around 8790-8800 levels
- the SL hit did not convert to a buy signal as breakout bar failed (open = close).
- note stiff resistance at 8820F... all breakouts are failing from this level.
- next week, expect more strength above 8820F.
- break of swing low was second short signal (second arrow)
- trailing stoploss hit around 8790-8800 levels
- the SL hit did not convert to a buy signal as breakout bar failed (open = close).
- note stiff resistance at 8820F... all breakouts are failing from this level.
- next week, expect more strength above 8820F.
No comments:
Post a Comment