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A Bearish piercing with the gap up is witnessed in the pattern shown above preceded by a continuous price up.
The volume is seen legitimately high at the day of piercing.
Short position can be placed at the price below 327.4
The risk taken is 15.7 and whose target is calculated to be 311.7 which is achieved at the 18th day from the day of position placed.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
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This is a loss making trade as the stoploss would have been triggered before the target could have been achieved.The second candle’s tail should have been much smaller.