Sunil ji... Am I still a stranger for you... If not, then, please drop that 'Sir'....
As far as trading this one is concerned.... Overall trend being down and this being a very small TF of 5min.... One shouldn't trade it... I just prefer to keep a note of it.... In case if I see it is being played out, I am out of my Short trades....
However, if one wants to take this trade, one can always use other techniques - Pivots, S/R, Inside Bars, etc.... But this becomes clear only after it has played out and hence in most of the cases gives a rosy picture....
As far as validity of this WW is concerned... it's very much a valid WW since point 5 did go below point 3....
As far as trading this one is concerned.... Overall trend being down and this being a very small TF of 5min.... One shouldn't trade it... I just prefer to keep a note of it.... In case if I see it is being played out, I am out of my Short trades....
However, if one wants to take this trade, one can always use other techniques - Pivots, S/R, Inside Bars, etc.... But this becomes clear only after it has played out and hence in most of the cases gives a rosy picture....
As far as validity of this WW is concerned... it's very much a valid WW since point 5 did go below point 3....
Noted Aditya and "sir" dropped...
Aap " Ji " ko drop karo :lol:
Regards
Sunil maharshi