Manoj's Trading Diary

[manojborle]

volume is decreasing on the rise

 

[manojborle]

ema 20 @ 5597 now

 

[manojborle]

first leg down in progress

 

[manojborle]

First leg down over, looks like 2nd leg down will break the trendline

 

[manojborle]

2nd also over but missed entry as it formed an outside bar

 

[manojborle]

ema 20 @ 5604

 

[manojborle]

Rising wedge formation in progress, first push up over and now 2nd push up in progress

 

[manojborle]

So trendline is broken now third push up is remaining and short will be active above 5622.4

 

[manojborle]

Trendline break should be followed by the test of trend extreme ie. 5622.4

 

[manojborle]

Trendline break should be followed by the test of trend extreme ie. 5622.4

either by a higher high or lower high