price broken the neckline and retested the neckline and closing is given above the neckline.
if price opens below neckline look for short side...until bullish gap,if acts as resistance.
Look at the bottom side gap is still left,
if price wants to fill the gap it opens gap down and fill the gap and moves up again.
If neckline pushes the price again up,
will be long on break of the zone above neckline. keeping the stop loss below neckline.
If opens gap up above, the zone after filling the gap will initiate a long entry.
keep track the neckline and bullish gap.
if price opens below neckline look for short side...until bullish gap,if acts as resistance.
Look at the bottom side gap is still left,
if price wants to fill the gap it opens gap down and fill the gap and moves up again.
If neckline pushes the price again up,
will be long on break of the zone above neckline. keeping the stop loss below neckline.
If opens gap up above, the zone after filling the gap will initiate a long entry.
keep track the neckline and bullish gap.
Trade closed: target reached
Target 1 done @ 19470.Note
Right shoulder.
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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.
Related publications
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.