An Inside Bar pattern is formed when the current candle is entirely contained within the immediate previous candle. This signals hesitation of the traders to commit, and thus it could be a continuation or a reversal pattern. The trade setup emerges when the previous high/low is taken out.
Buy above 740 / Sell below 680
I appreciate comments from other traders.
Buy above 740 / Sell below 680
I appreciate comments from other traders.
Trade active:
680 is broken. Today will confirm the breakdown. Let's see if 670 breaks now.
Trade active:
Hit 668 yesterday then shot up to 691 levels. Today being expiry, we can expect a lot of volatility. My vote is bearish until it breaks above 700 on EOD basis.
Trade closed manually:
Yesterday's low was 626.