21 AUG 13, 6:30 pm
Analysis for day: " Down day " ( Not published today)
Reason for Entry Zone:
Reason 1: Price gaped up on downtrend
Reason 2: Price opened at daily and weekly resistance.
Reason 3: This is the H&S breakout point. and price retesting it.
Conclusion:
The price has formed weekly H&S and gave breakout. The professionals would not have entered during the break out,they will waiting for price to pullback to this level. Today morning, the weekly and daily traders had huge second opportunity to go short. The intraday traders this is high probability opportunity.
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