Raymonds: Gap Fill before Rebound

Positional Trades:
Short below 245 for 240, 238.5, 235 with SL at 250
Aggressive traders may want to initiate short at 248.5 !

Below 238 would be an ideal point for buying OTM August expiry call option.
Comment: No trades triggered today so far, the idea is good for tomorrow
Comment: idea good for tomorrow if market continues to correct
Comment: large bearish engulf candle makes it a good trade to take!
Trade active
Trade closed: target reached


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