Summary
l HTF is again is bearish zone. DTF has a "Bearish SRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers MILD TRENDING DAY bias and due to narrow range CPR.
l 15696 is a resistance level and any weakness at this level should be a selling opportunity.
l Support levels 15673/15605
l Resistance levels 15735/15753.
l Market is moving in a very tight range and volatility is getting contracted every day, which infers there is huge move coming.
l HTF MPP further confirms above point and has formed a narrow CPR. Market has also closed inside MPP zone. So, big players will make the move. Have patience before u jump in. Play wise and keep your position size in control.
l No trade zone 15713 to 15684.
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Step 1 - Strategies to be deployed -
l Open drive rejection.
l PPT.
l Evening star.
l RCR
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15738 is quick scalp with stop of 15718 and target of 15762.
2. Any bullish PA above 15756 is long with stop of 15735 target of 15792.
3. Aggressive long above 15798 is long with stop of 15833 and target of 15839 .
4. Any bearish PA below 15681 is short with stop of 15703 and target of 15637.
5. Any bearish PA below 15636 is quick scalp with stop of 15656 and target of 15606.
6. Aggressive short above 15598 is short with stop of 15618 and target of 15553.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Sacredmonkey
Trade active:
Plan 4 in progress
Trade closed: target reached:
Plan 4 target achieved
