Holding 161 as key level going above 165- likely it travels in the previous high swing zone of 172-173- where it shall finish its correction & start a downside move but one thing at a time. Currently it looks upside with key support 161.
It did not hold 161 which was key level & made a firstname.lastname@example.org- Let me come back again
Pattern Failures are also one of the patterns.
That is the reason why I play with the key levels- BOB opened in 161.10 from opening session itself it was in a pressure cooker situation. Very Hot for Bulls to handle. Going above 165 would have confirmed that bulls are interested.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ