Graph Analysis
Now I'm going to tell you what these lines are for! Green line is resitance line and red line is support line ! Blue line is another resistance line but that line is in one thing special. If price go up (bull trend) then You could take profit somewhere near blue line chart.
Short position
I would recommend don't go into short positioning now because price went through resistance line and there are 2 scenarios bigger chance is for long positioning and smaller chance is for channel price but smallest chance is for short positioning ! But if price will go through red line chart you oculd go into short positioning !
Long position
I would recommend go into long positioning because price went through green line ! Which is resistance line and there is rule if price go through resistance line then there will be bull trend.
Summary
Now I'm going to tell you when you should take profit ! 1. if you are happy with profit 2. when is there forming another support or resistance ! And if trend go up then you should take profit somewhere near blue line !
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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