General Trading Chat

12:30,1:30 and 2:30 bars on 60 min charts all three hourly bars were small bars each resulting in doji,spinning tops .There is a strong resistance in 8430-50 range on daily timeframe and market making repeated attempts to clear 8420-30 band and failing was sufficient reason to get out of long positions atleast....so the market gave sufficient warning and time before it made its downmove. Nothing came as a surprise. The news about Greece accelerated the fall.

Smart_trade
 

amitrandive

Well-Known Member
12:30,1:30 and 2:30 bars on 60 min charts all three hourly bars were small bars each resulting in doji,spinning tops .There is a strong resistance in 8430-50 range on daily timeframe and market making repeated attempts to clear 8420-30 band and failing was sufficient reason to get out of long positions atleast....so the market gave sufficient warning and time before it made its downmove. Nothing came as a surprise. The news about Greece accelerated the fall.

Smart_trade
Enough warning on 5 min charts too,

5 min charts of Nifty Futures.

 

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