HINDALCO INDUSTRIES LTDAggiornato Trading Side ways Market ( Complex Structure)
This one is showing and end of current down momentum , but its also not aggressive to upside , which leaves two distinct behavior of such side way patterns
01) It can come down and brake the low and turn ( inter day basis)
02) It will turn very near to low nearly 88.6% pull back form the start point and then start moving upside
which one will happen i dont know , but i know the direction of next trade
i.e Up side , I am not interested in bottom fishing , i will wait for 1 strong daily candle to close and brake of the strong candle high i will look to enter the trade and stay with trailing stop all the way to possible forecast target
01) It can come down and brake the low and turn ( inter day basis)
02) It will turn very near to low nearly 88.6% pull back form the start point and then start moving upside
which one will happen i dont know , but i know the direction of next trade
i.e Up side , I am not interested in bottom fishing , i will wait for 1 strong daily candle to close and brake of the strong candle high i will look to enter the trade and stay with trailing stop all the way to possible forecast target
Trade attivo
Well now its coming towards my forecast , and one can look for brake of the recent structure low and reverse if they want bottom fish , My fish is waiting for me , i will catch as per my own style
Nota
Now dont tell me Guys that i have not told in advance , we started buying based on our accumulation rules and we are in the trade ,
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