Smart Money Concepts 1.1D TF - Bearish Trend - Forming Lower highs and lower lows 2.So find the Bearish order bloc near recent swing high
Entry after the break of 50 EMA in daily time frame Weekly: Area of Confluence: 1.Key Support level 2.Trend Line Support 3.50 EMA Support 4.Double Bottom 5.Multiple Candles Rejection 6.Momentum Loss 1D : Trend Line break
1. FII's - Bullish about Market 2.Reliance is on their radar 3.Price action - Also Bullish
Monthly: Long wick candle followed by bearish engulfing candle Weekly : Bearish Daily :Bearish 1.Trend Line Resistance 2.Key Resistance Level 3.Multiple Candles Rejecting. 4.0.5 fib level -Bearish Pullback 5.Broke EMA 50
Monthly: 1. At KEY Resistance Level 2. Doji Formation 3. Multiple Candles Rejection 4. Trend Line Break Weekly 1.Bearish Engulfing Candle 2. Trendline break 3. Long Wick Candle rejection at Resistance Daily : 1. Break out Trend line and 50 ema 2. Head and Shoulders pattern
Short Entry After the break of pivot Weekly : Bearish Daily : Bearish
1. Price is at key support level(Weekly & Daily) 2.Formed Descending Triangle pattern at Support level In 1Hr Time Frame 3.Momentum also lost , that can be seen in 1D candles Sizes 4.If it breaks the trend line , then it can move up to Key Resistance Level