15 Minutes.
The expected long was nullified by gap down.
But
Now we have all moving averages consolidated together.
I have Elliott oscillator green, CCI green and stochastics above 75 with no black bar on top.
Now for the rise from 493.86 to 507.37
Also, we have multiple resistance around 506 levels in chart as it can be seen.
For the fall from 515.30 to 493.86 we have 61.8% retracement around 507 levels.
I expect
If that happens then we can assume
I will go long only above 514 - 515 levels.
For the day as moving averages have converged, if
The reason is for the fall 524 to 493, 512 is approximately 61.8% of retracement for the fall.
Hence I have a buy only above 514 levels.