DP chart
BB chart
Confluence DP- BB
NF opened gap up. If we think On DP, IRL and IRH was formed in first 2 candles. On BB opening was out of BB suggesting exaution but got whipsaw. Thanks to time taken to take trade otherwise there would have been SL. Then BB expanded and made new high, but while developing price didn't get any signal. It got on BB @ new high.Then as shown on chart all clues -BB, DP, R2- shown only to short.
After that there was smooth journey except small hesitation near PDH and BRN. Those who waited for BRN to break or to get R1 to be tested might have got whole journey up to PDC.
On PDC only one candle which shows BOF signal was having tail and same time out of BB. There was a good signal to go long. Exit was must @ and in between 8182 -8172.
Then on beak of 8178 again there was buy signal and on downmove gap was filled entirely and it seemed overextended. This was enough to initiate trade, only problem was SL was deep @ PDC - some 20 points away. It rallied well.
