Nifty Future 5min Ambush Style-Live

shall we go long above first 5 min bar becoz it looks like double bottom formation and first bar opened above tl. again I think this is counter trend move... ankit plz put your views...
 

ag_fx

Well-Known Member
shall we go long above first 5 min bar becoz it looks like double bottom formation and first bar opened above tl. again I think this is counter trend move... ankit plz put your views...
For counter trend moves, I wil enter without any pivots on 5 min only if 15 min and/or 30 min support.

Also, IMHO, Double bottoms and Tops are least reliable of trades and should be taken with extra care.