Candle patter is a bullish harami we got there today , indicating bullishness ..so more upside .
Also I see the Day trend is still down with a close below 5 Day ema and hour trend is now Up with close above Hour 5 Ema ..so I have to watch for weakness in hour trend or hour reaching OB with -ve divergence ..that would be clear signal to go short. As the day trend is down and Hour is Up , weakness in hour can be sold , Unless day trend turns up as well ....So for now keeping my eyes on Hour trend .
I have to rush to attend some work ...more detailed analysis EOD 29th Feb.
Also I see the Day trend is still down with a close below 5 Day ema and hour trend is now Up with close above Hour 5 Ema ..so I have to watch for weakness in hour trend or hour reaching OB with -ve divergence ..that would be clear signal to go short. As the day trend is down and Hour is Up , weakness in hour can be sold , Unless day trend turns up as well ....So for now keeping my eyes on Hour trend .
I have to rush to attend some work ...more detailed analysis EOD 29th Feb.
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