- trend is up
- bearish engulfing bar formed this week
- but prev week's trading range was extremely small
- and this week candlestick showed buying at lower levels
- at same time, markets at trendline resistance
- option writing support 12000
- this is also prev swing high which offered strong resistance
- so it should now offer support
- bearish engulfing bar formed this week
- but prev week's trading range was extremely small
- and this week candlestick showed buying at lower levels
- at same time, markets at trendline resistance
- option writing support 12000
- this is also prev swing high which offered strong resistance
- so it should now offer support
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