@iwillbeback, Moves in last phase are often swift. If u decide to go Long at any stage, best not to hold the position overnight.
iwillbeback
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@lonelygenius no position atm. will place long position around 23900 SL 23860 .
iwillbeback
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touch 24070 area , good jobs Bros
Dec0der
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@iwillbeback, Thanks. Quicker it drops below 24k, the better. Don't forget, we are doing opposite of what smart money is doing. Need be on our toes and play defensive.
ffaz
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saw 2k+ vol in 1-minute near 24330-350. Resistance seems high here
@ffaz, It is also vital to interpret high volume bars according to market phases. If i am right and this selloff is actually the last phase of accumulation then there will be a lot of these high volume bars but market will keep on dropping until the climax which can be 1000-1500 points further away from the accumulation zone hence why 21900 could be a good target to aim at. In the early stages of accumulation, these high volume bars would mean an area of interest where market would have been expected to bounce and spend some time in that area.
ffaz
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@lonelygenius, yes, the further tanking proves you right. The sell off begins and let's see what it will happen at 24100