SHORT IOC:- 1) SITTING AT STRONG RESISTANCE 2) DOUBLE TOP FORMATION AT 15 M TIME FRAME. 3) GOOD RISK REWARD RATIO. 4)DECREASE IN VOLUME AT SECOND TOP. 5) RSI DIVERGENCE (15MIN.) TAKE CONFIRMATION OF PATTERN WHEN IT BREAKS 102.70 (SHORT).
short reasons:- 1 double top 2 rsi divergence 3 decrease in vol. of 2nd top. 4 resistance area(1hr chart)
reasons to short:- 1) head and shoulder retest. 2) down trend line resistance 3) strong uptrend break and retest .
