Not able to pull the trigger in Trading

Lets discuss the last 3 days price action in Nifty. Nifty closed below 8577 on Friday, You went short hoping to make a 100 points. Monday market continue to trade below 8577 but suddenly reversal come and it start trading above 8577. You have decided if it close above 8577 for 1 hour i will close the trade. It sustains above that than you think market is bearish and lets wait for the close

Posted in: Technical Analysis