The Story
Updated
This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience.
First look at market structure is telling us a tale of shortening of upward thrust along with gradual increase in length of reaction legs in progressive swings. Its time to be cautious. Bears have started showing glimpses of their intentions in the last two reaction legs. The reactions were swift and larger each time. Though it is prudent to look for springs in upward movement and up-thrust in downward movement, but this time considering the market structure, there is no harm in looking for shorting the market at confirmation of up-thrust or its test from 18100 level at 75 min time frame, by keeping hedge or appropriate stop loss.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
First look at market structure is telling us a tale of shortening of upward thrust along with gradual increase in length of reaction legs in progressive swings. Its time to be cautious. Bears have started showing glimpses of their intentions in the last two reaction legs. The reactions were swift and larger each time. Though it is prudent to look for springs in upward movement and up-thrust in downward movement, but this time considering the market structure, there is no harm in looking for shorting the market at confirmation of up-thrust or its test from 18100 level at 75 min time frame, by keeping hedge or appropriate stop loss.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
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Best opportunity to go short. Entry confirmation of reversalNote
Who will protect these single lot buyers, who showed urgency in the last one week.Note
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