Dark cloud cover confirmation: shooting star, what's next?
Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal.
Last, to last week we saw a dark cloud formation, now the following candle is a shooting star.
It clearly shows the overall sentiment.
Same thing you would observe if you see, the option chain. Very few positions are carried out for Monday
Calls are being added at an important price level.
17500, 17800, 18000 level
Whereas in the case of puts very few contracts are being added at 17200 and 17000 level
This shows call sellers are in control.
Expecting some short-term reversal from the 17100 to 17200 level, considering support, resistance and Bollinger band.
Last, to last week we saw a dark cloud formation, now the following candle is a shooting star.
It clearly shows the overall sentiment.
Same thing you would observe if you see, the option chain. Very few positions are carried out for Monday
Calls are being added at an important price level.
17500, 17800, 18000 level
Whereas in the case of puts very few contracts are being added at 17200 and 17000 level
This shows call sellers are in control.
Expecting some short-term reversal from the 17100 to 17200 level, considering support, resistance and Bollinger band.
