Clear picture of WAR between buyers and sellers on BANKNIFTY.
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I have plotted everything clearly for on the chart. Yes, I know these all plotted points are historical, but shortly I will update next control price, excess, value area for the 15min chart which will give you confidence for trading.
When you know what is happening, you trade with complete faith.
Presently, there is not any control price level, so we have to move for a shorter timeframe.
When you know what is happening, you trade with complete faith.
Presently, there is not any control price level, so we have to move for a shorter timeframe.
Comments
Median price line are drawn to understand change in the sentiments , change in participants behavior , and price approaching to Median line is very important to note in case one has to deiced to run the trend of Median line price behavior , to analyse this behavior , Andrew pitch fork is best treated for knowing the sentiments , using two decisive price peak high & low in the preceding direction for plotting the Lines of Median and deviation in relation to Median lines , i think it was developed in 1912 , you can once try to learn it , Good luck
This chart after your drawings shows the higher possibility of price reversing to mean Median Line