So we open gap down , courtesy the bearish candle pattern formed yesterday .
We made a low of 5234 and are maintaining that till 10 close ,
i have drawn a TL from the high today at 5262 , as and when we break this TL , along with ema crossover of 13-34 ,I will enter longs with day low as SL.
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Update at 12:30 Crossover on 5 mins charts never happened , and day low broken .This break did not give chance to enter as 2 mins candle shows high ( 5240) and low ( 5227). Trading below day low ema so downward momentum in on bringing lot of weakness in prices ...
Rising wedge , bearish "harmami" , all working together .
Stepping out for the rest of the day .......
We made a low of 5234 and are maintaining that till 10 close ,
i have drawn a TL from the high today at 5262 , as and when we break this TL , along with ema crossover of 13-34 ,I will enter longs with day low as SL.
***********************************************************
Update at 12:30 Crossover on 5 mins charts never happened , and day low broken .This break did not give chance to enter as 2 mins candle shows high ( 5240) and low ( 5227). Trading below day low ema so downward momentum in on bringing lot of weakness in prices ...
Rising wedge , bearish "harmami" , all working together .
Stepping out for the rest of the day .......
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