Nifty laying traps... another one for sellers...
Hello Traders!
The market is constantly trapping sellers without moving to the downside. Right now, nothing in draw on liquidity is obvious. It, frankly, can go either ways. And what does it mean when we can frame both sides of market using ICT concepts? It means that we have LOW PROBABILITY conditions. I'm sitting on the sidelines until the market gains clarity, favouring buyside delivery.
As long as the invalidation low of 22725 holds, my bias would remain bullish. Once that low is taken, I'm not interested in price and would wait for the market to provide more info.
When it looks that it can go either ways, the market structure gets filthy and PRECISION leaves the chat. WAIT FOR MORE CLARITY. Or gamble. It's absolutely your choice.
Have a safe trading day.
GLGT.
The market is constantly trapping sellers without moving to the downside. Right now, nothing in draw on liquidity is obvious. It, frankly, can go either ways. And what does it mean when we can frame both sides of market using ICT concepts? It means that we have LOW PROBABILITY conditions. I'm sitting on the sidelines until the market gains clarity, favouring buyside delivery.
As long as the invalidation low of 22725 holds, my bias would remain bullish. Once that low is taken, I'm not interested in price and would wait for the market to provide more info.
When it looks that it can go either ways, the market structure gets filthy and PRECISION leaves the chat. WAIT FOR MORE CLARITY. Or gamble. It's absolutely your choice.
Have a safe trading day.
GLGT.
Note
Pay attention to the remaining part of 15minute bisi.Note
As long as the market is in blue range I've marked on the daily, it is going to struggle and you are going to struggle in trading it. Take rest... let it get out of the consolidation.
Satyajeet Sahai
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Satyajeet Sahai
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.