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Got it, thanks. Is that all the upside you are expecting or is this just the beginning? Based on the pattern that is being repeated.
Well, that pattern has already played out. Even though I'm looking for more upside, it would be foolish to ignore the current S/R flip. I'd like to see 161 turn into support, set a HL, and then proceed upwards.pic.twitter.com/YQNl7fSWb9
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Makes sense, thanks!
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@HsakaTrades Sir, in this set up, where do you place stop loss if you dont mind telling me, below the resistance turned support or the previous support, swing low ? -
I would say if the S/R flip holds and a HL is set, then price shouldn't go below that if there is continued upside to come. That would be a tight stop. Or you can use the most recent SL or a near by support level.
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