first column made a low of 5648.. next swing high bar O made high of 5652... then again continued downwards. so far 5652 resisted 3 times... since box size is 2... 6554 is my sl... for shorts
For every buyer there is a seller who thinks he is equally smart
problem is.. every buyer / seller thinks he is getting good value for his transaction. Each has his own reason based on his own analysis. Winner is the one who realizes his assumptions is wrong and adjust his positions as early as possible and escapes with minor bruises.