Summary
► HTF is again is crucial demand zone. DTF has a "Pin Bar" candle, which infers "indecision" BIAS".
► Opening print will confirm the direction.
► Pivot analysis infers TRENDING DAY bias and market close is below MPP zone which infers negative bias.
► 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
► Support levels 15635/15604
► Resistance levels 15736/15696
► Market has moved in a very tight range and today maybe the trending day move I was expecting.
► Any weakness in above mentioned resistance levels may spark a solid down move and strength ( low probability ) in above mentioned support levels may spark an up move.
► Take a position and hold, if u see a trend developing to maximize your trading profit on trending days. Don't get shaken out.
**********************************************************************************
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 15703 is quick scalp with stop of 15681 and target of 15730.
2. Any bullish PA above 15740 is long with stop of 15723 target of 15782.
3. Any bearish PA below 15677 is short with stop of 15697 and target of 15636.
4. Any bearish PA below 15627 is short with stop of 15648 and target of 15586.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Sacredmonkey
► HTF is again is crucial demand zone. DTF has a "Pin Bar" candle, which infers "indecision" BIAS".
► Opening print will confirm the direction.
► Pivot analysis infers TRENDING DAY bias and market close is below MPP zone which infers negative bias.
► 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
► Support levels 15635/15604
► Resistance levels 15736/15696
► Market has moved in a very tight range and today maybe the trending day move I was expecting.
► Any weakness in above mentioned resistance levels may spark a solid down move and strength ( low probability ) in above mentioned support levels may spark an up move.
► Take a position and hold, if u see a trend developing to maximize your trading profit on trending days. Don't get shaken out.
**********************************************************************************
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 15703 is quick scalp with stop of 15681 and target of 15730.
2. Any bullish PA above 15740 is long with stop of 15723 target of 15782.
3. Any bearish PA below 15677 is short with stop of 15697 and target of 15636.
4. Any bearish PA below 15627 is short with stop of 15648 and target of 15586.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Sacredmonkey
Comment:
Plan 1 in progress
Trade closed: stop reached:
Stop loss triggered for plan 1
Trade active:
Plan 3 in progress
Trade closed: stop reached:
Stop loss triggered for plan 1. Missed target by 8 points.
Comment:
Bad day. Target is getting missed by such close margins. Anyway our RR is good. So, this wont get us too worried.
