36,463 to 34,430, 2033 point fall in two days was too quick, followed by 835 (41%) pullback in 2 hours.
Decision Zone :- 35,188 - 35,572 is a no trading zone, above positive & below negative.
Currently, the range is 34,300 to 36,000
Support:- 35,000 / 34,866/ 34,700
Resistance:- 35,686 / 36,028 / 36,463
It's a on an hourly time frame, probability is for the higher breakout.
My basic analysis remains the same:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Ref:- 1 H TF analysis:-
karmany evadhikaras te
ma phalesu kadacana
ma karma-phala-hetur bhur
ma re sango'stv akarmani
You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. Never consider yourself the cause of the results of your activities, and never be attached to not doing your duty🙏
Thanks a lot 😊