After a huge RED day , LT closed near the low of the day, yesterday... Today it opened just below PDL.
1) The 1 st candle with a long tail at the bottom, conveys that its not ready to go down further...
2) The next candle was a BO- PDL . Waited for a buy & went long on PDC , with SL as low of this candle.
3) Exited with a 10 points profit...which on hindsight looked like ..I could have waited till BRN 1600... The whole of this trade is completed even before the intraday range is revealed...
4) BO- IRH was again a buy ...with candle low as SL. And SL hit, which means its not ready to go above BRN.
5) So enter short again , with candle top as SL or wait till BRN & short again...with PDL, PDC, IRL as target..
As always its easy for a post mortem ...
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