Daily TF - The doji candlestick was not confirmed by the reversal. The candlestick formed today is again a continuation of the lower down moves ahead. Though the status is oversold but the momentum is still intact because now we have a sell signal in weekly TF as well which is providing support to the bears.
So lets see when and where the prices stop to go down. We remain with our positional shorts.
4720-4680 are important levels to watch out for.
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