29-NOV-19

1. GAPPED DOWN  OPEN.
2. OPEN AND HIGH ARE SAME( BEARISH TREND)
3. MADE LOW @ OR AROUND RN 12050
4. RETRACED FIB 38.2 @ BRN 12100
5. THEN SLIDED TO TEST DAY LOW
6. THEN AGAIN RETRACED FIB 50 % @12117
7. CLOSED @12092

TODAY LESSON ; 

1. DON'T LOOK TO TRADE OTM IN OPTIONS

2. IN A STRONG DOWNTREND TRY TO GO WITH THE TREND. INSTEAD OF WAITING TO RREVERSAL OR RETRACEMENT OR ELSE STAY AWAY.