observe the price action closely its a classic afternoon reversal breakout failure at vph .a lot of this comes from experience .once price price comes back below verl makes a small pivot should be ready to short there .check my post on 18th september i had posted nifty can fall if it breaks 1.50 low and it broke and fell decently this could have failed also but we as traders r looking for highest probablity and go with it .again watch thousands of charts itll become more clear to u .one simple hint im giving u generally good breakouts above such vph happen mostly in morning afternoon upmoves will generally be from vpl breakdown failures and vice versa for shorts .
Its 18 september , nifty future chart- 5 min.
here I marked your trade .But I dont understand VPH failure setup here..Please guide me wht I am missing?
thanks
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