thepatternsite.com/aadt.html
Now we can see the great pattern with great risk/reward ration if to trade properly. Double top. Because we have huge negative volume, the pattern will probably perform well. But entering into short trade right now would be unwise because we can either to pull back to 10000, either to form a range. I think 200 sdma is important level so we should go to 10000 amd 50 dmsa, but this scenario is highly risky. No trade in this zone.
Target = B - (A - B) = 9300 - (11800 -9300) = 6800
We have 2 scenarios now.
1. Pull back to 10000 or 10500, see technical indicators reversing and enter short early in case something goes wrong we exit with small loses or even profits.
2. We break through 8300, close on 4H chart required and then enter. Or if red candle looks strong.
This is long term trade and it wont happen in a few days. For educational purposes only.
Now we can see the great pattern with great risk/reward ration if to trade properly. Double top. Because we have huge negative volume, the pattern will probably perform well. But entering into short trade right now would be unwise because we can either to pull back to 10000, either to form a range. I think 200 sdma is important level so we should go to 10000 amd 50 dmsa, but this scenario is highly risky. No trade in this zone.
Target = B - (A - B) = 9300 - (11800 -9300) = 6800
We have 2 scenarios now.
1. Pull back to 10000 or 10500, see technical indicators reversing and enter short early in case something goes wrong we exit with small loses or even profits.
2. We break through 8300, close on 4H chart required and then enter. Or if red candle looks strong.
This is long term trade and it wont happen in a few days. For educational purposes only.
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for short trade close below this large green candle and break from wedge on huge volume required
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