Time To Stick My Neck Out "Nifty 5000"

[uasish]

Some type of ED is forming in 1min chart,be alerted, now @4204,closely follow the trendline in RSI (connenting lows)

 

[uasish]

Trendline broken Shorted here @ 4202 with 4208 (SL)

 

[uasish]

Mkt humbeled me lost 6 points + brokerage.Effect of not following rules,instantly mkt as a good teacher told me ,go home & prepeare your home work before initiating a trade.

 

[uasish]

2 almost identical bottoms at 4167.60 ,with RSI divergence.

 

[uasish]

Again a somewhat trendline forming in RSI

 

[Czar]

really appreciate your online views, thanks for the effort.

 

[uasish]

Again Trendline of RSI in 1min chart broken.

 

[uasish]

Look how the vol jumped after breaking that 4167.60.

 

[uasish]

In 1min chart RSI(9) had gone to touch the mid line at 50 ,to register 4166.15,before plunging down,that would have been another place to short.

 

[uasish]

really appreciate your online views, thanks for the effort.

Thks Czar,this prompted me:
http://www.traderji.com/94528-post11.html

Live is always a better way to understand.