Nifty (Double bottoms on hourly) Note to Self- No trade now

1) lost 3R in the gap uptoday.
2) Although the trade made sense in 15 from always in perspective always look at the higher time frame for the possibility of major support or pattern
3) One of the best pattern to trade on any time frame is a double bottom at 20 ema after a spike or strong move
4) If the move has to go down after a gap like yesterday, usually it is the failed breakout of the first bar on an hourly (Yesterday was the range and upside breakout)


Today the trade is unclear. I do not want to buy at top of range and I dont want to sell a strong up move. So wait till more clarity.