With a convincing Pivot Stack in place the upside looks like a cap is in place for the near term price.
However, the price will need to confirm the weakness is definitive by breaking the swing low bullish Hammer candle of March 8th.
Go short at 25198 and place a stop loss at the top of the Pivot Stack at around 25869 with a profit target of 23893.
This makes for a good risk reward ratio trade.
However, the price will need to confirm the weakness is definitive by breaking the swing low bullish Hammer candle of March 8th.
Go short at 25198 and place a stop loss at the top of the Pivot Stack at around 25869 with a profit target of 23893.
This makes for a good risk reward ratio trade.