It is again moving to lower channel of bearish trendline which should be around 14100. Keep a stop loss of 14750 as short term trends are not much stronger nowadays.
Advisable to only sell far OTM credit spreads so the impact of reversal is limited.
*****
Please support the effort & if you feel it deserving, do appreciate it with a Like and follow.
I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Advisable to only sell far OTM credit spreads so the impact of reversal is limited.
*****
Please support the effort & if you feel it deserving, do appreciate it with a Like and follow.
I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.