Reason for long 1. Market structure - bearish but reversal trade as volume picked up 2. Consolidation before the Breakout : 2 month consolidation 3. Support-Resistance levels: Entry near support 4. Supply-Demand zones: Demand zone as evident by volume 5. Location of 200MA or 200EMA: down trend as it is reversal trade 6. Overlap with a Fibonacci level : not applicable 7. Candlestick pattern and the size of candles : not applicable 8. Chart pattern: consolidation breakout trade 9. Volume expansion: not applicable as it is reversal trade