These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.Today, the market has indeed achieved the predetermined target. It has also tried to break it, but found some resistance. In all probability, we could see some stronger resistance here. We may use this opportunity to buy on dips. The weakness which was anticipated on Monday may happen on Wednesday.
Where does a trader buy? Obviously, it depends on each person’s individual risk appetite. But always keep in mind to buy only after a confirmation of the bullish pattern.
And if the market does not correct, it is suggested to keep the trailing stops intact, and enjoy the ride.
Plan your trade and trade happy.
1 comment:
I dont know whether todays structure was a bull or bear structure, but it must have shaken both their skeletons ! haha
didnt make any money but definitely enjoyed the excitement !
reg
ketan
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