Today Narrow CPR has formed and whenever
narrow CPR formed then most of time market
is trending. This was 1st conviction to trade
breakouts/breakdowns.
The 2nd conviction to sell was that price opened
below40500 PSY level and rejected twice from it.
So after breakdown entry should be triggered.
Market never break its all time high in one go it will definitely face rejection from that reason which give us conviction to sell just after rejection candle.
