PEL BEARISH WITH A DOUBLE TOP CONFIRMATION !!!

20 feb 2023

Chart pattern looks good for a short trade

1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart

In weekly time frame(shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)



Let's wait & watch...how it moves!!!!


NOTE- Just Sharing my view...not a tip nor advice!!!!

20 feb 2023

Operación activa

going good!!!

21 feb 2023

Operación cerrada: objetivo alcanzado

Target done!!!

24 feb 2023

Nota

785.05 previous low....(twice)
dip below that point may trigger down move again!!!

27 feb 2023

Nota

Atlast created a lower low broke 785.05!!!
Bears hold strong!!!

10 mar 2023

Nota

Going as per levels ....725 can acts as good support!!
if it breaks that level by good volume...major support at 610 range

13 mar 2023

Nota

Next target done!!! 725 LEVEL

At the crucial level, let's see whether it is going for retracement or continue its rally down!!

13 mar 2023

Nota

13 mar 2023

Nota

broke the 725 level too!!!
major support at 610range!!!

24 mar 2023

Nota

Monthly time frame

26 abr 2023

Nota

tight box range consolidation...let's see which side it gets out!!!

28 abr 2023

Nota

770 can be 1st target
790 strong resistance...tough to break!!!