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SBILIFE Double top Breakdown ??!!!

アップデート済

Chart pattern look interesting for a short trade

Reasons

1. SBILIFE travelling in a Descending channel pattern( hourly time frame)
2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops)
3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!!
4. SL & Target levels mentioned @ chart as horizontal dashed lines(red & green)
5. 2 hr candle escaping out of the channel(yellow) can be less risky SL.

6. On 15th Feb(wed), Sbilife formed a Superb Bullish Engulfing day candle, but couldnot sustain.... showing the BEARS STRENGTH!!!!
7. 1113(1st target) level small gap remains unfilled!!!

Let's wait and watch how it moves!!!!

NOTE- Just sharing my view......not a tip nor advice!!!!

トレード稼働中

At the perfect resistance level!!!

ノート

still the trade setup looks intact!!!!

ノート

good going as per pattern!!!

トレード稼働中

1st target done!!!

手動でトレードを終了しました

2hr closing out of the trendline...better to exit and take entry afterwards

ノート

looks like retracement to 1146 levels...