Graph Analysis
Green lines are resistances lines and red lines are support lines. Now I'm going to tell you could make money on it !
Short position
I would recommend go into short positioning by these rules: price go through red line or if price bounce off green line but be aware of fake punctures !
Long position
I would recommend go into short positioning if price go through green line or if price bounce off red line but be aware of fake punctures !
Summary
Better wait because how you can see price is in channel ! And when you should take profit ? 1. when you are happy with it 2. when you see there is forming another support or resistance depends on position in which you are now !
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspirate from me !! But if you lose money i will not give you money back and noone will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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