Daily charts
- trend is up on daily charts
- today, markets closed in positive but AD was negative
- however NF has made on real progress in past few weeks
- pattern looks like a rounding top
- this has bearish implications if neckline (8480) breaks.
- option writing support 8500.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-aeVqqAyNStu6lRg4ZeeXIIXZ8vzQ7y1-YqC_IMoT87F2-abpaNpV3oQdfZB-71U1gmHxLALOw66Blni8obFQhPc-l2GDnda-V-2fKJJjR7kqWYGA_HxxKWG4UVAcb_8S04MPCVRu6jli/s640/a.png)
5 min charts
- took 3 short trades in circled area
- first 2 short trades gave average profits
- last short trade took away everything
- surprised why I did not take a single long trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqwp8_kQPKIS064atDHavsAjBlyE2OF45iYDHPu8jJVETg9b0Nr0IiiaAwTedKU7j0fQYWryjPn3xh-7likoRHGL35LyE5xBiKDz9Waa53BDSl0KQAvye_61AE-WRuLdC9Q5qkdVx_xtgS/s640/a.png)
- trend is up on daily charts
- today, markets closed in positive but AD was negative
- however NF has made on real progress in past few weeks
- pattern looks like a rounding top
- this has bearish implications if neckline (8480) breaks.
- option writing support 8500.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-aeVqqAyNStu6lRg4ZeeXIIXZ8vzQ7y1-YqC_IMoT87F2-abpaNpV3oQdfZB-71U1gmHxLALOw66Blni8obFQhPc-l2GDnda-V-2fKJJjR7kqWYGA_HxxKWG4UVAcb_8S04MPCVRu6jli/s640/a.png)
5 min charts
- took 3 short trades in circled area
- first 2 short trades gave average profits
- last short trade took away everything
- surprised why I did not take a single long trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqwp8_kQPKIS064atDHavsAjBlyE2OF45iYDHPu8jJVETg9b0Nr0IiiaAwTedKU7j0fQYWryjPn3xh-7likoRHGL35LyE5xBiKDz9Waa53BDSl0KQAvye_61AE-WRuLdC9Q5qkdVx_xtgS/s640/a.png)
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