Positional Short
Entry: 32 (aggressive)
: Wait for breakout of neckline and
wait for successful retest of neckline
(Conservative)
Target 1: 30.20 (aligned with Fib 0.382 retracment)
Target 2: 25 (not aligned with Fib 0.618 retracment, Fib 0.618 retracment is 23.25)
Risky trader can target for 23.35.
SL 37 (on closing basis)
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.