if purple line is breached, then weakness is bound to dominate. One can go short intraday as well as positional.
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swing low is yet to be breached. wait for it. patience is the key. It's great to see a strong rejection today and an inverted hammer like candle is formed with long upper wicks.
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no trades were taken (neither intraday short nor positional short)
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today, it has shown perfect textbook example of breakout pattern with good volumes.