LTI - A small trade. Buy till 4700. SL 4375. Target: 5460
R:R ratio = 2.34
Plan positions accordingly. Might retest 4500 levels so safe traders can wait for a pullback.
More from Steve Nison
How was the trap set in USA Small-Cap index
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc
These high-volume selloff candles right before any -ve news always intrigue me. the same thing happened with Infosys before the whistleblower complaint was out & the stock gapped down. TV 18 & VTL were other examples.
Fresh case - RUPA https://t.co/nqq5nI1wLU
Fresh case - RUPA https://t.co/nqq5nI1wLU
Respect your stop losses in the stocks that have gone down today with heavy volumes even on a strong day.
— The_Chartist \U0001f4c8 (@charts_zone) March 17, 2022
VTL pic.twitter.com/3pJ9XngCDL