Two traps Bull trap and Bear trap marked on hourly chart. We consolidating between 72394 and 70316. The decision making level is in between at 71355 wherein we have a triple bottom formation. Break of this formation may lead to downside to 70316 and if we take support from the triple bottom formation may lead to upside towards 72394.
How to trade in between these three levels is to divide it into 4 parts of 250 points as we see a 1000 points range in between each of the three important levels.
Happy Trading !!!
How to trade in between these three levels is to divide it into 4 parts of 250 points as we see a 1000 points range in between each of the three important levels.
Happy Trading !!!