- trend is up
- bearish engulfing bar formed this week
- but prev week's trading range was extremely small
- and this week candlestick showed buying at lower levels
- at same time, markets at trendline resistance
- option writing support 12000
- this is also prev swing high which offered strong resistance
- so it should now offer support
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBWG45Cv0dmvbye_AmMr4XN2RX9CNbfi9Q9-Dfyh75S3gVWDdb7Qa1pOi8oG5nF8-eNbCj5GXVp12w_rRiiouo0VU787YdlB8spAVgNyidVEFdANBzsao2pKJWb-s0-K3_DN_XI5cpHDRf/s640/a.png)
- bearish engulfing bar formed this week
- but prev week's trading range was extremely small
- and this week candlestick showed buying at lower levels
- at same time, markets at trendline resistance
- option writing support 12000
- this is also prev swing high which offered strong resistance
- so it should now offer support
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBWG45Cv0dmvbye_AmMr4XN2RX9CNbfi9Q9-Dfyh75S3gVWDdb7Qa1pOi8oG5nF8-eNbCj5GXVp12w_rRiiouo0VU787YdlB8spAVgNyidVEFdANBzsao2pKJWb-s0-K3_DN_XI5cpHDRf/s640/a.png)
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