This is a classic example for explaining "tails". Price was nearing the support and both buyers & sellers were trying to take control. This was expressed by upper wick & lower wick candles formation. Support was at 462 - 464 levels. Whenever we saw battle between buyers & sellers, we have to wait for few minutes so that we can get trend direction confirmation. Jumping in to the trade seeing "tails" and buying was not a good idea.
Remarkable points: Trading is a waiting game. And winners are the traders who have patience.
Price broke the support and had nice fall. I have given the part 1 in the link below.
Therefore "tail" got negated below 462 - 464 level.
Remarkable points: Trading is a waiting game. And winners are the traders who have patience.
Price broke the support and had nice fall. I have given the part 1 in the link below.
Therefore "tail" got negated below 462 - 464 level.
注释
Tatasteel in lower time frame gives clear picture. 
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
相关出版物
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。