i tried to long based on this idea but was stopped first time around 
after seeing the Bullish diversion (green on current chart) we longed once again from 8700 & still holding!
now I am looking to enter another swing short this time for the final time, we are approaching the apex of the triangle & break on either side is imminent, this will be a hedge to current ongoing long position from 8700
as I mentioned on Telegram while giving signal this one is risky, we are looking at possibility that price will follow the way we want, Bounce from 9300 print a bearish div at 9820 & then dump down, in market nothing is 100% certain it is all probability, we can just easily breakout on the upward from this triangle but it is worth the risk!!
so I will be using 1% balance for now Once we confirm the diversion or rejection from triangle resistance I will add more to my position.
after seeing the Bullish diversion (green on current chart) we longed once again from 8700 & still holding!
now I am looking to enter another swing short this time for the final time, we are approaching the apex of the triangle & break on either side is imminent, this will be a hedge to current ongoing long position from 8700
as I mentioned on Telegram while giving signal this one is risky, we are looking at possibility that price will follow the way we want, Bounce from 9300 print a bearish div at 9820 & then dump down, in market nothing is 100% certain it is all probability, we can just easily breakout on the upward from this triangle but it is worth the risk!!
so I will be using 1% balance for now Once we confirm the diversion or rejection from triangle resistance I will add more to my position.
Note
was expecting a Bearish divergence however none printed so far!! still had good rejection, will start moving stops as I think we can go bit higher
Note
This my fellow traders is what we call a FAKEOUT, fake pump & dump BART
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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.