Reason for long
a) pull back set up
b) bears are weak hence long above previous day high with SL
here shown imaginary bear head and shoulder set as probability , if dont keep the SL, it may go even 10% down
a) pull back set up
b) bears are weak hence long above previous day high with SL
here shown imaginary bear head and shoulder set as probability , if dont keep the SL, it may go even 10% down
Comment:
Entry not triggered
it will move in upside only, if index supports otherwise will hit SL.