It has an interesting chart pattern on 15 minutes chart, it has given a break down below the neckline of evident double top pattern, now interesting thing is if a candle goes below the low of the candle that broke below the 2 ema lines and closes below it then its another indicator making a case for short and the first target on down side would be of 410 though it could slide further down quite a bit so aggresive traders can short at the open on monday and then ride it untill a candle close above the high of the candle that broke down the channel or closes above the blue EMA line whichever comes first. Its a high conviction short
Commentaire:
First target was hit in morning with 1st candle itself, this target was on the basis of double top pattern, now EMA line setup is still active so one can ride the position if you are not conservative or else you should have exited the short once you had hit the target of 410, script made the low of 407