As explained in my earlier post, closing in this 1 : 8 range bound long trade.
As per strength shown on weekly basis, nifty is still continuing its HH /LL format. If we relatively see sectors and thematic indices also along with nifty 500, there is no reason to believe weakness as such.
As explained in chart drawing, I feel presently USOIL is trading at neutral zone, but getting ready for a potential trade entry.
After a considerable fall, BTCUSD seems to have arrested the fall for the time being and has formed trading range. I will watch out this range closely for concluding further. Till time range bound approach will work.
As identified a short set up yesterday, Short trade closed near intermidiate level.
As explained, in chart, we had two high volatile days and real trend which was up for many days now has immerged out strong. So, we are again entering the next week with bullish structure. Unless supports start breaking, I will try to be on long side of the markets.
As explained in chart drawings, as per my understanding of support and resistance zones.
Trade worked well on long side as explained in charts.
As explained in chart analysis trade worked well.
As explained in Chart, Yesterday was a densed high volatile candle. So, watching todays price behaviour around key areas of yessterday candle will be important for me.
As explained on chart, I failed to participate in touch and go type of price behavior.