The market is moving along the upward channel and the price has hit the up trendline.Meanwhile a bearish butterfly pattern is completing at about 17400 levels and coincidentally the D of the AB=CD pattern is also at this level.
So it is good to sell short at about 17410 levels when bearish candles appear.
SL:above 17576
TP1:the centerline of the channel-about 16980
TP2:the lower edge of the channel-about 16540
So it is good to sell short at about 17410 levels when bearish candles appear.
SL:above 17576
TP1:the centerline of the channel-about 16980
TP2:the lower edge of the channel-about 16540
Trade active
Note
TP1 reached.Note
TP2 reached.
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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.