If the current Bar creates a Bearish Engulf when it closes... one can exit their existing Long...perhaps for re-entry later on....
Karan...if you have no idea what a bearish engulf looks like...please google and see some references.... because I have posted an image of some important Candlestick patterns.... but don't know which thread it is buried in.......
Todays Decision Point is the High Of the 1st Bar (5084 GCI) and move to breach this will go down at least by 20-30 points from this...
For visual reference just draw a horizontal line across from Top of the 1st Bar
Low of the previous Bar that was made @ 5074... also you might ask why not short.... because Lower BB was already pierced..... and in such a situation....RR is not at all favourable for the shorts....
Yes... if the current bar closes in green...then we can apply... Going long on Lower BB piercing followed by a Green bar....