1. The Shooting star formation On Hour and 15Min Chart.
2. On 15M. It indicate the price has just retraced to 61.8%
(High Probability of Down Trend move) from last High and low.
3. Let find the expected downfall with ABCD Pattern .
If D=1: 15080 if D=1.28; 15050
4. Put Call Ratio is 0.91 ( Market is in Bearish Mode).
Sell Below: 15149 Target 15116, 15090 Stop Loss:15176
Comment:
Please follow the trade only if market start with red