Better & good trader always learns from his mistake.
A in an parlance -consist of 3-3-5 leg scenario where the last leg has 5 waves which almost looks like wave 3 & can deceive you.
Prices since 1350-1360 lows are chopping upside, giving shape structure & once it breaks orange downside that will be confirmation that it wants to correct downside till then we look upside target to touch the upper blue resistance line & possibly overshoot above blue but do not get carried away. Overshooting & coming back again in the structure will be early warning for bulls else enjoy the party upside.
If you did not trade, then you will call this badluck -actually that is not badluck - trading is a serious business & you have to be serious.
You don't motivate then you lose the game- did I say game- no, lose the gem. Common, both will hurt you.
I will love to have your comments.
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Broken the trendline but be careful - we will exit sell as any move above 1540-1545 zone can make jump above 1570 & above 1570 -it can go to 1590 & 1590+
So next selling we will take only below 1500 levels -psychological level.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ