NF gapped down and broken PDL, immediately reversed.. again broke BRN and reversed.. PA at open is not respecting these 2 DP's. Hence considered it as a range. Once price broke and accepted below this range low, attempted BPB of RL Short,, left side chart showing a fluid. But it didnt move in expected mannger.. scratched the trade then.
Later NF formed lower range... attempt a BPB of Lower RH Long above BRN with initial target as DH.. exited with trial SL.
No good setup found later.
Later NF formed lower range... attempt a BPB of Lower RH Long above BRN with initial target as DH.. exited with trial SL.
No good setup found later.
Please take a look at
ReplyDeletehttps://sttg.s3.amazonaws.com/images/cef4fc8c8d8dda5c0cfee2a826219b57/nifty1.png
It appeared like a channel and a flip zone.
thanks
Yes, i considered channel initially.. later consoslidation appeared into range.. which makes better sense to me then.
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