#INDIAGLYCO
1093
W Pattern in htf with second low undercutting the first low, which is a powerful setup.
Broken out of the pattern today at 1060-1075 zone.
Good to go long at cmp with a stop of 8-10%.
Good luck.
More from ScorpioManoj
#Freetip
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
#FreeTip
— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.