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In intraday we analysis with a view to enact both buy and sell in the same day according to current activities of the market. In positional trading we postpone sell according to our expected price . So we can not follow the same analysis for both the cases.
The intraday trading decisions are taken on the basis of current market price . In future , we can not predict the price fluctuations .
Yes the global market impacts intraday price movements. FIIS and the strong hands,inside traders activities affect .
In the case of ” long” we can go for positional trading , but in the case of “short ” we must close on that day itself, otherwise ,T+2 will affect us. it is mandatory.
Draw a line from the latest swing low to latest swing high.,it touches the 61.8 % line and bounce back after retracement. Most of the time when you draw a fib grid on a chart you will notice that the grid line up with support and resistance areas that you would see any way without drawing lines. it is how we can identify spport and resistance.
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