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Honestly i wanted to take a second trade after first, but could not...some of runtime thought were as below.
1) I noticed FP div, but was not giving much importance to it, rather i wanted some structural input for reversal.
What i really missed to see live, there were two structural sign ( that i realized at EOD ) -a) A largest bull bar in downtrend , marked 1 and b) that bull bar also composed a potential 2B Bottom pattern. It was wrong to think for creek jump at that location, cause if it were to happen that way it would have more distance from bottom making more risk at that point.
2) Bar marked 2 were such possible entry that i wanted near bottom but that was my mistake , geometrically it would not be possible. Long at bar 2 , could have possible initial stop at swing low after bar 1, but that i didnt find some unique location for stop, and bottom as a stop for long at 2 , was simply beyond risk.
3) I was not biased for any side but wanted a low risk trade. After this , i started waiting for finally a test of VWAP for short. It was a channel activity, was watching on FP , delta was gyrating as the bars going updown. Bar marked 3 again took some attention. I left hope that it would test VWAP, and perhaps its on the path to go down further.
for some unknown reason i waited for one more bar , and delta spurted and huge upbar marked. This makes every thing out of scope for any type of consideration from my side , and finally quit the day.
This day gives some impression of short covering, right now only a LTZ around day's VAL 5095 seems me of some interest. Cant say how it will behave tomorrow on expiry day, but below 5095 seems obvious weakness.
I dont know, what to do...structure seen from starting point is clearly changed...i can exit near 5103 based on that...but what then my assessment of initial stop stands....?