retracement from a resistance after an over extended impulse.
Note
if it closes above the upper resistance with a green candle(>50% of the body above the line) then this setup will be invalidated. look for buy then.Note
its in the zone. Now wait for a lower close candle to enter.Note
those who wants to enter, place sell limit to the entry shown in the chartNote
those who wants to add position they can do so now.
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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.
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.