Short

Triple top or head and shoulder

Updated

Hi everyone.
In our previous analysis I said that we need a smooth rise but now we have a sharp rise. However about 6900 we will have a great resistance. Some may think it is head and shoulder and some triple top and so they will have a short position.
I will enter to short position between 6880-6980 and I set my Stop Loss on 7020. Our target will be about 5800.
Summary:
entrance region: 6880-6980.
S.L: 7020 (risk is 1 percent)
target: 5800 (reward is 19 percent)
R/R= 19 :-)
Don't risk much than 10 percent of your money in this trade, it is really probable to have a great rise.

Trade closed: stop reached

mahata

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