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EicherMot : Waiting for price action SELL signal to form

After a breakout move below 16850 layer of support followed by a strong downtrend, price is now retesting the flip resistance breakout area of the same 16850 level.We're looking for a price action sell signal to form(either on daily or 60min) to join back the overall downtrend.Next major support is found near 13950 which could be used as our ultimate target level & 15000 level of short term support should be used for trailing stoploss to entry level.

SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.  

PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.08.12.2015


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