September 26, 2017

Market outlook

Daily charts
- trend is up
- today, NF traded in small range and closed flat
- AD was 2:1
- swing low support at 9700

5 min charts
- circled area refers to possible short trade (I did not take this).
- traded long as per the arrows
- exit was around 9890 F
- in hindsight, a short trade could have been considered on breakout failure
- short trade would have given very good profits

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