It honored the resistance and shown extreme selling pressure which only means one thing - Long Unwinding.
Breaking the PDL will trigger Short Buildup.
Short if it breaks the low of the previous day with a stop loss at the day's opening.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Breaking the PDL will trigger Short Buildup.
Short if it breaks the low of the previous day with a stop loss at the day's opening.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.