NIFTY Regression channel
Timeframe:Daily
NIFTY seems to be travelling inside a Regression channel (LL-LH pattern being obeyed). Some more upside left before another downmove starts.
I have drawn the channel from Line chart. Hence the exact candle tops and bottoms have not been neatly enclosed in the channel. This style (converting from Line to Candles) works for me and hence publishing the same here.
The Red candles have been more consecutive (adjacent) compared to Green ones.
Kindly share your inputs.
NIFTY seems to be travelling inside a Regression channel (LL-LH pattern being obeyed). Some more upside left before another downmove starts.
I have drawn the channel from Line chart. Hence the exact candle tops and bottoms have not been neatly enclosed in the channel. This style (converting from Line to Candles) works for me and hence publishing the same here.
The Red candles have been more consecutive (adjacent) compared to Green ones.
Kindly share your inputs.
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