METROPOLIS - Swing Trade (BUY Side)

METROPOLIS

Buy at 1855-1875 range for an excellent entry.

SL - Exit if stock close below 1850, since it will definetely test the low's of the rejection candle.

Reason for the trade: Rejection + Failed New Low(Previous day)

Exit when: A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day low.

Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.