My pre-market plan. Opened strongly, now we focus on the sell plan.
RE-SELL RANGE | The range between 13952 to 13993 is an overshoot of the unfilled gap and declining 21-Day EMA . This is also the 61.8% FIB Range.
TF: Intraday; 1 to 3 days.
RE-BUY RANGE | If 13702 holds on an intraday basis, there’s a possibility that the index will target the unfilled gap (at 13902) which is in line with the declining 21-day EMA . Look for a potential overshoot to around 13961.
TF: Intraday; 1 to 3 days.
RE-SELL RANGE | The range between 13952 to 13993 is an overshoot of the unfilled gap and declining 21-Day EMA . This is also the 61.8% FIB Range.
TF: Intraday; 1 to 3 days.
RE-BUY RANGE | If 13702 holds on an intraday basis, there’s a possibility that the index will target the unfilled gap (at 13902) which is in line with the declining 21-day EMA . Look for a potential overshoot to around 13961.
TF: Intraday; 1 to 3 days.