MM HAS BEEN IS A CHANNEL FOR A WHILE IT NEEDS TO REJECT THE ZONE AND THE CHANNEL TRENDLINE SO WE CAN GO LONG BUT IF IT FAILS WE CAN GO SHORT ON THE BREAKOUT TO THE DOWNSIDE
KEEP IT SIMPLE STUPID TRADE PRICE NNEDS TO BREAK DOWN THE TRENDLINE AND WHEN YOUR ENTRY REASONS ARE MET ON LOWER TIME FRAME CONSIDER GOING SHORT
FOR SHORTS WE NEED A CLOSE BELOW THE TRENDLINE AND LOWER LOWS ON LOWER TF
EVERYTIME RELIANCE CAME TO ITS OVERSOLD LEVELS IT RETRACED BACK OR CONSOLIDATED BUT NOW ITS BEEN OVERSOLD FOR A WHILE WILL WE SEE A DEEPER MOVE TO THE DOWNSIDE OR JUST CONSOLIDATION?
WE ARE IN A ONE OF THE LONGEST CHANNELS NOW ITS CORRECTING WE CAN ENTER IN THE NEXT DEMAND ZONE
WE NEED A CLEAR BREAKOUT OF THE NECKLINE TO GO LONG
LOWER TIMEFRAME NEEDS A LOWER LOW LOWER CLOSE BARS/CANDLES TO GO SHORT BELOW THE ZONE
ILL BE CONSIDERING GOING LONG IF WE KISS THE ZONE AND CLOSE ABOVE BUT IF WE CLOSE BELOW ON LOWER TIMEFRAME WE CAN GO SHORT
IT BROKE OUT OF THE CHANNEL AND IS NOW TRYING TO HEAD HIGHER WE HAVE TO WAIT FOR BULLISH EVIDENCE BEFORE GOING LONG AND IF WE FAIL TO STAY ABOVE WE CAN GO SHORT AFTER WE SEE CLEAN CLOSE BELOW THE ZONE
HINDUNILIVER LOOKS GOOD FOR SHORT BUT FOR A MAKING SURE WE NEED TO BREAK THE TRENDLINE BEFORE TAKING SHORTS
HINDPETRO COMING FROM A DOWNTREND IS NOW AT DISTRUBUTION PHASE WAITING FOR A BREAKOUT TO THE DOWNSIDE WE WILL ENTER AFTER A CLEAR BREAKOUT TO THE DOWNSIDE
DOJI FORMATION ON 4HRLY HINDALCO CHART ON STRUCTURE LEVEL INDICATING SOME REVERSAL
WE ARE SEEING A PENNANT/TRIANGLE PATTERN ON ASIAN PAINT AND IF IT BREAKS TO THE UPSIDE WE WILL GO LONG KEEP IN MIND ONLY IF IT BREAKS TO THE UPSIDE
HERO MOTOCOP WAS IN A RANGE FOR A WHILE NOW IT BROKE OUT WE CAN GO SHORT OR WAIT FOR A RETEST FOR BETTER CONFIRMATION
WE HAVE TO CURRENTLY WAIT ON THE SIDE LINES AS FOR TAKING SHORTS WE NEED TO VIOLATE THE PREVIOUS STRUCTURE SO WE CAN HEAD LOWER
WERE JUST WAITING FOR ANY OF OUR ENTRY REASONS MET BEFORE ENTERING THIS TRADE
BECAUSE OF THE TRENDLINE BREAK A RETEST AND A HOOK FORMATION WITH PROPER RISK TO REWARD RATIO IM TAKING IT DOWN
224 IS THE ZONE WHERE IF THE PRICE CLOSES BELOW IM GOING SHORT.