BN | Long post Head & Shoulder break
Notice the price action on the 15 min chart of BN. It is forming the 2nd shoulder of the Head & Shoulder structure.
A long position can be initiated till the next swing - 52,018 once the neck line of this structure is broken. Essentially, this will also fill the gap of the previous gap down opening.
Under the current market scenario, it is important to stay patient and wait for the right set up rather than blindly shorting or going long on impulsive moves.
A long position can be initiated till the next swing - 52,018 once the neck line of this structure is broken. Essentially, this will also fill the gap of the previous gap down opening.
Under the current market scenario, it is important to stay patient and wait for the right set up rather than blindly shorting or going long on impulsive moves.
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