While searching a 1-day candlestick graph, I came across this spinning top candlestick with good volume. The closing is above the last day closing. So I am expecting bull and bears fight to close the market above the previous day closing. So the bull run will continue. The next day I am planing for intraday long.
Next day Intraday graph.
As market opened at caution note due to last day strong confusion. Then it showed a bearish move. It went for a consolidation phase. During this phase we have to wait for a big move supported by volume. Increasing volume with increasing price is a sign of bull run to start. It crossed 20 MA line and pivot point. Strong move in volume at pivot point. At R1 we have to become active to seal as market goes to a consolidation phase at R1.
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