After breakout, price formed a base.
Volumes have come now. Trying to breakout again.
Should be a good entry point if price retraces.
But I believe it goes up for 1 or few sessions before it retraces.
It should try for 230 if breakout sustains.
Results are on the way. December results are usually good. So someone might have entered knowing this information. May book profit after results.
US job layoffs, political, war. Outlook is not good. Nobody is caring about it now. It may hit our stock market without warning. Then everybody makes videos about these reasons.
Trade with less positions. Let existing profit trades continue do not exit if they are giving profits.
Cut losses do not hold on to them. They will eat into your profits.
Volumes have come now. Trying to breakout again.
Should be a good entry point if price retraces.
But I believe it goes up for 1 or few sessions before it retraces.
It should try for 230 if breakout sustains.
Results are on the way. December results are usually good. So someone might have entered knowing this information. May book profit after results.
US job layoffs, political, war. Outlook is not good. Nobody is caring about it now. It may hit our stock market without warning. Then everybody makes videos about these reasons.
Trade with less positions. Let existing profit trades continue do not exit if they are giving profits.
Cut losses do not hold on to them. They will eat into your profits.