hello everyone! Its the end of year and here we are at a major supply zone. market is moving in a clear 3 wave motion. this could be an ending diagonal (final 5th wave in Indian market history which can lead to huge correction) or a leading diagonal of 5th wave. lets wait for the market makers to decide their long term move. But for time being lets focus on short term view which is being projected to 19400. wait for a reversal to enter, if you are an aggressive trader. conservative traders can wait for A and B wave to complete before entry.
Trade active:
risk reward seems favorable. movement is in favor. up coming fed news is making patterns. conservative traders can enter today or tomorrow.