Summary
l HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
l Pivot analysis infers neutral bias, so direction is difficult to judge. Hence, opening print will confirm direction.
l Support levels 15700/15660.
l Resistance levels 15900/15850.
l Wait till market confirms direction and the take trade.
**********************************************************************************
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 15815 is a long with stop of 15787 and target of 15860.
2. Any bullish PA above 15720 is a long with stop of 15692 and target of 15778.
3. Aggressive long above 15900 with stop at 15870 and target of 15960.
4. Any bearish PA below 15800 is a short with stop of 15828 and target of 15748.
5. Any bearish PA below 15710 is a short with stop of 15743 and target of 15672.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Mockingbanana
l HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
l Pivot analysis infers neutral bias, so direction is difficult to judge. Hence, opening print will confirm direction.
l Support levels 15700/15660.
l Resistance levels 15900/15850.
l Wait till market confirms direction and the take trade.
**********************************************************************************
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 15815 is a long with stop of 15787 and target of 15860.
2. Any bullish PA above 15720 is a long with stop of 15692 and target of 15778.
3. Aggressive long above 15900 with stop at 15870 and target of 15960.
4. Any bearish PA below 15800 is a short with stop of 15828 and target of 15748.
5. Any bearish PA below 15710 is a short with stop of 15743 and target of 15672.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Mockingbanana
Trade active:
Plan 4 in progress.
Trade closed: target reached:
Plan 4 done
Comment:
15735 is a DTF support zone. If its breached more fall to come
Trade active:
Plan 2 in progress
Trade closed: target reached:
Plan 2 done. cheers
Trade active:
Plan 2 In progress.
Trade closed manually:
Exit trade
Comment:
Don't trade for today, Market is in whipsaw mode. Save ur money and enjoy.