UPL Analysis for 9th Nov 2022

Nov 8, 2022

Assuming 750.15 as last HH we should now wait for pullback which should reach ~736.0. This is where we take half position(Fib golden pocket) and wait for Bullish CHoCH to occur. If it occurs we take remaining half position as well with target of ~750, Note that if golden pocket is not respected we should exist trade immediately and wait for CHoCH to occur to enter again with same Take Profit and Stoploss.

Nov 9, 2022

Comment

Looks like 750.15 was not our HH and so this changes our estimates. We should wait for good HL to form within region 741.3 to 749.45 [assuming 759.50 is HH and we get pull back.]

Patience is key to good responsible trading :)

Nov 9, 2022

Comment

Nov 12, 2022

Trade closed: target reached