I just took a drew on that retracement from 8837 to 8885 (red ) - later when prices made a low 8715 & started moving up - I again waited but this time what I did I copied the red & placed it at bottom of 8715 (yellow )
Look the Magic Happened - It gave me killing time or near about a time when prices started falling or will fall- which was yesterday & here comes my Bang On Target Guys.
So, you can use such small tools, but effective one to crack the timing component of the instrument which you are tracking.
Abhishek H.Singh, CMT
Latest comments are mentioned below.
Always read below comments also - I suggested that critical low shall be 8704-8706 -break of that is a trouble & going below 8690 -was definitely a pressure situation.
Hope so no one got trapped in buying as I asked to wait & watch.
This fall was compensated by Canara Bank Fall which we entered at top 315-316 zone