Daily charts:
- trend is up on daily charts (wef today)
- markets closed above swing high defined yesterday
- today's close was 1.6% in positive at 11032
- new swing low defined at 10800
- AD was 10:7
- see hourly chart for channel
NOTE:
- the fall from 11700 to 10800 has been without any pause
- is a bottom is formed for this year or is a pullback rally happening? I don't know
- a slower upmove from here can mean the bigger correction will resume later on
- another possibility is a rally max to 11500 which then stalls
- trade accordingly with your stops in place
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwZ9YLN6DPfJsQkeOrwd6k1j8TSbV6WLUvN1VzqlJPzdVWFc5saPoYEl23kAkR_I01ipAB8dHjbgw-T3bmm2ywHlq9fZfLDj1wQt0Gi71hw8Of-TIgiNXCstp5Rw7lurPaJbCYmZsBX_6R/s640/a.png)
3 min charts:
- took long in first circled area
- exited part at day's high and then at trailing
- took next long in second circled area
- exited at breakeven
- missed 2 bars of next buy signal (breakout)
- took long at blue arrow/ exited after 40-50 points
- problem was wrong SL for 2nd trade... if this was slightly more deep, I would have been in long trade right from 10910 to end of day
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheTSpsu_K65PE7fgks-0uME2XjfFRC_ST4QXxVQeK3igFApg9jmGY6X3SOWh-f_BHYqAGUge0g9NWowl-66B6qcF_HeLEhcILnJlhtshWkUkUTHtnXejlSl7U_KQsAnpHphQ4OoomddY5P/s640/a.png)
15 min charts:
- any indicator here could have been given a lot of whipsaws
- but you get the hint the markets may have been bottoming out
- note upper wicks on last 2-3 candles... selling?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTQCjuojyh11qRbHs1vkiDbKzYMimpklgoEhP6ebOYpavkIpc5jK863mXbtPHV8LbwuouJ2kk5YGqI6_ERdB_msF3SitIz0gHDygK_lGGMKmMFdo3ZD90twSy8s-Pxe2tZgUl50_lnUeuN/s640/a.png)
Hourly charts:
- inability to cross channel will mean limited upsides and
- a new correction will start if lower trendline breaks
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitVkMrUdtaDKCHUXhiCSMOY29as_6FIZ7YKz4ETZifdM6W185IqZ10EbkZmNU8bt11chCj6gNQu_cq0JPfodWWLB1GxmXpZeGDqw5yLn3tK1oerzS619Rv_lWcz46EF3vV4BglUoQhoVN_/s640/a.png)
- trend is up on daily charts (wef today)
- markets closed above swing high defined yesterday
- today's close was 1.6% in positive at 11032
- new swing low defined at 10800
- AD was 10:7
- see hourly chart for channel
NOTE:
- the fall from 11700 to 10800 has been without any pause
- is a bottom is formed for this year or is a pullback rally happening? I don't know
- a slower upmove from here can mean the bigger correction will resume later on
- another possibility is a rally max to 11500 which then stalls
- trade accordingly with your stops in place
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwZ9YLN6DPfJsQkeOrwd6k1j8TSbV6WLUvN1VzqlJPzdVWFc5saPoYEl23kAkR_I01ipAB8dHjbgw-T3bmm2ywHlq9fZfLDj1wQt0Gi71hw8Of-TIgiNXCstp5Rw7lurPaJbCYmZsBX_6R/s640/a.png)
3 min charts:
- took long in first circled area
- exited part at day's high and then at trailing
- took next long in second circled area
- exited at breakeven
- missed 2 bars of next buy signal (breakout)
- took long at blue arrow/ exited after 40-50 points
- problem was wrong SL for 2nd trade... if this was slightly more deep, I would have been in long trade right from 10910 to end of day
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheTSpsu_K65PE7fgks-0uME2XjfFRC_ST4QXxVQeK3igFApg9jmGY6X3SOWh-f_BHYqAGUge0g9NWowl-66B6qcF_HeLEhcILnJlhtshWkUkUTHtnXejlSl7U_KQsAnpHphQ4OoomddY5P/s640/a.png)
15 min charts:
- any indicator here could have been given a lot of whipsaws
- but you get the hint the markets may have been bottoming out
- note upper wicks on last 2-3 candles... selling?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTQCjuojyh11qRbHs1vkiDbKzYMimpklgoEhP6ebOYpavkIpc5jK863mXbtPHV8LbwuouJ2kk5YGqI6_ERdB_msF3SitIz0gHDygK_lGGMKmMFdo3ZD90twSy8s-Pxe2tZgUl50_lnUeuN/s640/a.png)
Hourly charts:
- inability to cross channel will mean limited upsides and
- a new correction will start if lower trendline breaks
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitVkMrUdtaDKCHUXhiCSMOY29as_6FIZ7YKz4ETZifdM6W185IqZ10EbkZmNU8bt11chCj6gNQu_cq0JPfodWWLB1GxmXpZeGDqw5yLn3tK1oerzS619Rv_lWcz46EF3vV4BglUoQhoVN_/s640/a.png)
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