Closing at the day high is major sign of bullishness.
Tomorrow's strategy.
Mostly likely expecting to be the range bound day tomorrow.
However,
1st scenario - Gapdown opening and support of pivot then long till 1st green as target
2nd scenario - Gapup opening and resistance at 1st green line then short till pivot. It will create double top pattern like we saw at 17400 level so after reaching pivot market might become range bound or go down to test support of 17840.
Most unlikely scenario - Opening above 1st green and sustaining above that, then assuming trending day will go long. 1st target will be 2nd green line and SL below 1st Green line.
Tomorrow's strategy.
Mostly likely expecting to be the range bound day tomorrow.
However,
1st scenario - Gapdown opening and support of pivot then long till 1st green as target
2nd scenario - Gapup opening and resistance at 1st green line then short till pivot. It will create double top pattern like we saw at 17400 level so after reaching pivot market might become range bound or go down to test support of 17840.
Most unlikely scenario - Opening above 1st green and sustaining above that, then assuming trending day will go long. 1st target will be 2nd green line and SL below 1st Green line.
Trade closed: target reached:
Most unlikely scenario but marker always surprises. Opened between R1 & R2 so trending day but BN is not showing enough strength and trading in the range so closing the trade.