Disclaimer : I am not a Research Analyst. Hind sight analysis for FUN. Trading future will incur losses. DONOT TRADE
Hi,Its perfect example of Pressure play set up, May i know the reason to avoid Long on range break out ?
Hope the above link answers your question.
I understand that "When consolidating always look at Lower high formation (for shorts) and HH for longs"In our case it made any attempt to break BRN and formed a Narrow range for some time and around 1 PM it broke out.We could trade that BO rt ?
Hi Srinivas,Yes you can.I meant to say, PA didn't give me entry to take direct BO. Or you can say I didn't like PA to take direct BO.
Hi. This session price action clearly explained in taming with trend by ST sir in structures and pattern. In situation B explanation of him almost matches this price action.let me explain
Daily is in decline mode. Today gap down and sell off and later intraday traders selling around BRB and MSp but sellers are exhausted this trigger upside momentum and once price discounts for the other trader and they forcefully selling at PDL . ST sir we are really miss you.
Well explained Lakshmi, We all miss ST.
Thanks both for your time.