Well, I am back after about a month's break. Hopes to continue positing regularly now.
So we have a nice down move and the vertical move has stopped and turned into bracketing phase. Now we expect the next step in bell curve formation, ie shifting of POC towards the center. Is it gonna happen or market will skip this step?. Well I don't know, but these are the scenarios to unfold now. And we trade them as each phase unfolds.
Value area is rising, but we may be in the bracketing phase. Jan 24 th profile shows strong initiative activity, but there is a small selling tail also. Profile is somewhat balanced.
Trade plan for different scenarios are marked in chart. Stop loss for todays entries is 8 points from reference points.
So we have a nice down move and the vertical move has stopped and turned into bracketing phase. Now we expect the next step in bell curve formation, ie shifting of POC towards the center. Is it gonna happen or market will skip this step?. Well I don't know, but these are the scenarios to unfold now. And we trade them as each phase unfolds.
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