Heavy resistance @ 149.70
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If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern.
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If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways.
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Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too.
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Have a different view, please share in the comment so I can learn too. 4 hour CHART
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If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern.
___
If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways.
___
Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too.
___
Have a different view, please share in the comment so I can learn too. 4 hour CHART
Trade ativo:
Going short
Broke the immediate support of 139.4
Broke the immediate support of 139.4