1. Lots of Wicks implying supply while moving from 911 to 1100. 2. The up move happened with low volumes. 3. A good resistance zone was tested 4 times.
Current Close- 1062.4 Entry - Near to 1070. Target - 1030/985/950
The Idea will be invalid if it breaks out and closes above 1085 with the above-average volumes.
Trade closed: stop reached
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Still I m not convinced the move above 1085. Looks choppy!. I am closing the trade as it has moved above 1085.