i am analysing the price action in the range it has formed now. series of pinbars at the bottom of the range of 130 and then 14% gain in two days followed by two days price running around that price forming pin bars and then third day collapse like building to the bottom and 4 days of price recovery at the bottom and again 14 % of s gain, if someone would have played this range, omnne could have made 45% of money in two weeks, isn,t interesting play?
i feel the play starts from 138 to next range of 157. if you are intellingent or know tactics to buy at the lower range and play for the next range then you can make money. on weekly chart it has moved away from the trendline so praobably to catch up with the weekly trendline the play will be on for the next range, this play may not be as swift as the one you have seen. watch out for the price action, i will update my observations
i feel the play starts from 138 to next range of 157. if you are intellingent or know tactics to buy at the lower range and play for the next range then you can make money. on weekly chart it has moved away from the trendline so praobably to catch up with the weekly trendline the play will be on for the next range, this play may not be as swift as the one you have seen. watch out for the price action, i will update my observations
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reached 155
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when something genuine posted people donot agree