Price is seeing selling pressure from prior swing resistance level of 258 (Prior swing resistance trading strategy)followed by a strong downtrend movement in it's back.We're looking for price action sell signal formation or patterns using lower timeframes here to join the overall bearish strength. Next layer of key support is seen near 180 & we'll keep an eye on 220 layer of short term minor support once price starts rotating down from current level.I've already placed a sell pending order in this stock which is shared in FACEBOOK page post of this trade.
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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.