UPL - Breakout or Fakeout?
Diupdate
UPL price action is now at a unique position. On one hand it is at all time highs trying to breakout above 720 but also formed a bearish AB=CD harmonic pattern.
Which one will prevail?
Breakout - if price closes above 720 & sustain further
Fakeout - If price closes below 720
Let's wait and see price action & see if we can enter Long or Short.
Which one will prevail?
Breakout - if price closes above 720 & sustain further
Fakeout - If price closes below 720
Let's wait and see price action & see if we can enter Long or Short.
Catatan
Still lingering around 720 - neither breaking out nor faking out. Wait for the price action to take action either way.Trade aktif
UPL has faked out unable to break the 720 barrier.Enter short at 680 with a SL of 710. TP of 490
Catatan
Moving SL to 700Trading ditutup secara manual
Stock has been Resilient. Booking profit @665
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