An area gap preceded by a continuous non trending (sideways) zone is witnessed at it’s supply zone.

The gap appeared at the supply zone were not been filled by the buyers in near term, hence there is a bearish breakout happened.

Volume found at the day of gap is not that significant.

A short position can be placed at the price below 1276.1

The risk taken is 117.1 and whose target is calculated to be 1159.1 which is attained in 13 days.

 

 

1 Comment
  1. EQSIS 7 years ago

    Good attempt

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