There is some weakness in the fist half an hour of trading. It is highly likely that we stay with in the yesterday's range with probability of choppy action.
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A trader needs to keep in mind that all the patterns repeat on the charts in all the time frames, but in different intensity. Their success and failure are not function of time (what time they occur) but function of space (where they occur).
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When BN gives 400 points so quickly, that's a gift. Just grabbed in BNF.
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Its always good to take gifts. Anything can happen on expiry u know.
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Doesn't look very strong
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Tables turned after morning trade
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As expected in the morning, a choppy day within yesterday range.
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Due to poor response from the followers, no such intraday effort would be made in future. Thanks.
It's good to discuss prices action logically. Keep continue, it helps
Ragavendra
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Hi Buddy, I have gone through most of your post, its really great. Kindly give more write up on Price Action should be considered (Monthly, Week, Day, 30 mins,....). Thanks in advance.
@vanathi, Yes, but in my terms it means that the patterns always repeat but some times they r more clear and sharp. At what time they occur is not important but where they occur is imp. A reversal pattern in a resistance area and a buy pattern in a support area are more important.
@vanathi, In trading, yes. At least for me. Some people like to forecast dates for trading charts but it does not work for me. Not everyone is THE GANN.