Today the market was terrific or terrible, depending on which side you are. Market opened with nice gap up, which left me wondering. However I tried to apply fibonacci retracement on the intraday chart.The market seemed to have followed the support and resistance level of fibonacci retracement.
I tried to day trade but without any success as the market was very volatile. In last hours market given up all the gains and that made Shooting Star pattern on EOD charts
Shooting star is seen is the bearish indicator. I have found a good video clip on that.
I have gone short on the NIFTY lets see how the market turns out tomorrow.