This will be my trade setup for 22-May-2023
In Previous few sessions price is in consolidation between 800 Points. Missing ATH by 0.10 points :)
Following will be trade setup for tomorrow :
From Price action price is moving upwards and making HH and HL and with Resistance placed at ATH (44151.80) and making it a Ascending Triangle pattern respecting Rising Trendline.
1.) If opens flat and sustain opening price will look for buying CE for 1st Target of just Below ATH.
2.) If opens gap up near about ATH will look if price sustain if not then will look for PE Buy for take of 43850, 43730.
3.) If opens Gap Down near 1st support of 43900 levels and if respects support will look for CE Buy for target of ATH. and if price doesn't hold near support will look for PE Buy for target of Trendline support (43630).
I will trade keeping above points in mind. This is not an Advise of any kind to trade based on above.
views are bullish to neutral ( Consolidation ) to big move above ATH. :)
Hit Like to keep me motivated for keeping my daily trade Journal :)