Nifty opened near PDC . IR formed. Did not enter on the BOF of BRN as there were too many levels above. Went long when the consolidation below IRH broke to the up side. Exited at breakeven. Nifty got trapped within too many levels. Tried a long above MSP on BOF of PDL. Covered the trade at BRN.Missed the BOF of BRN.Never expected a move down to LOD.
Notice how the market respects its own levels which we call DPs. Now do some experiment. Mark some SMA/EMA like 5,13,21,34,55 etc.one by one.Note Fibo Levels of moves , Mark pivots and camerillas. You can see market respected many of these levels. You decide which is reality and which is illusion and act on it.