Daily TF - Made almost a marubozu day and never looked back. From oversold conditions we have a stage 1 buy now and need a confirmation. 4900 is another big hurdle and the odds favor longs rather than shorts for the moment. After than 4940 and 5020 are big ones.
Further intraday bears never had a chance with every fall being bought.
Lower volume suggests covering of short positions and crossover set up needs to further strengthen the case of longs.
Longs can be taken with 4930 as stop loss.
Further intraday bears never had a chance with every fall being bought.
Lower volume suggests covering of short positions and crossover set up needs to further strengthen the case of longs.
Longs can be taken with 4930 as stop loss.
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