Analysis for day: Down Day.
Analysis of the day shows today is down day, so we are looking for only short opportunities. The entry zone has been marked in yellow color.
Reason for selecting entry zone:
Reason 1 : Price broke resistance.
Reason 2: Price consolidated and looks for pull back and failed.
Reason 3: Volume in favor of selling
Reason 4: Price failed with hammer.
Note: you may say, i am writing these article only after the day, so i can easily pick tops and bottom to mark buy and sell signal or entry zones, If you read and do this over a periods of years, you will also know the entry zone, which will not guarantee winning trades all the time,but you will enter the trade where there will be very minimal losses , profit will high and your odds of being right will be high.
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