Plan:
Since the previous day closed near the high. If it opens with gap up, it is expected to come down & take support at PDH , PDC
Execution:
As expected PDH & PDC gave a support for a 4 point profit
Analysis:
1. I thought , this '1' identified is the IRL. Hence did a sell with candle top as SL. SL hit . The DP method recommends to hide the SL behind the DP ( here PDC, PDH). Would have been saved , if its done.
2. One more IRL. Again SL hit
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