We spent 2 weeks in 6500-7100 range and we may continue further as well but from what it looks like bulls have started weakening looking at the length of the bear candles. the candles are big and large and we are respecting important levels. for example 7500 is a resistance. 7170 becomes the immediate resistance. 6617 is immediate support below which we may fall heavily
Comment:
Trade active:
Comment:
moved 100 dollars from the time i wrote. continue to remain short. still two levels are imp for me to invalidate my shorts. 7151 and 7481
Trade active:
still stuck in 100 dollars band which suggest big moves are to come soon
Trade closed manually:
closed all 6599 and switched to longs
