Monday Possible trade set up

NSE:NIFTY   Nifty 50 Index
350 9
If price gaped down then moved high , Look for reversal near 10060/10070 , they are making an expanding flat in the middle of the trend and then they are going down ,
this could be possible set up for Monday
Wow that yellow line u can actually predict where it will bounce from
It's just wow factor.
U r god
Let me know where did u learnt that from.
+1 Reply
can please explain me what is expanding flat means, why it si significant
shiv2798 nalinakshi
@nalinakshi, Flat in English means market is going to be with in range bond or its flat to trend , No trending mode , on smaller time frame you will tend to find very narrow range movements , most retail try to buy or sell and get stopped for both side ,
+1 Reply
shiv2798 nalinakshi
@nalinakshi, Here they are making an expanding flat , it means the market tend to brake low and high and then returns to range bond , most of the time institutional are buying and it overshoots by few points and then again they stop buying it will head back with in range , its usual process of accumulation or distribution
+1 Reply
i am happy that you posted in different form. i was expecting the same thing to happen
shiv2798 nalinakshi
@nalinakshi, You are welcome madam
shivji,thanks for the timely updates hope it will give an exit to those trapped on long side.
shiv2798 theeye
@theeye, You are welcome sir
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