Nifty short covering long

1. Nifty has been on a selling / down trend in 4H and in D levels.
2. The miniature buy trend that started around 17000 confirmed the trend reversal today by its 1H candle.
3. Two options :

IF BUY,
- Wait for pullback ( 15 Minutes needs to be engulfed bullish for the pullback to close )
- Entry at the discounted price, the next candle
- Take profit would be at 17345.
- SL at 17015

NOT OPTING FOR SELL HERE if the pullback fails and the sell continues.

Commentaire:

If this setup fails, the potential mistake would be not waiting for the 4H close bullish.