METROPOLIS - Swing Trade (BUY Side)
METROPOLISBuy at 1855-1875 range for an excellent entry.
SL - Exit if stock close below 1850, since it will definetely test the low's of the rejection candle.
Reason for the trade: Rejection + Failed New Low(Previous day)
Exit when: A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day low.
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
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