Nifty Astro Roadmap Chart 2 - Downtrend from 10873.25 -Yesterday
Om Namah Shivay
Brothers,This is the Second Nifty Astro Roadmap chart - For the downtrend from 10873.25 which started the deep bearish movement yesterday.
Start point - 22 Aug 2019 1:01 PM
Focus only on the highlighed area.
This is drawn with 1 minute chart and then shown on 15 min chart. It looks nice and beautiful. See how time and price match.
This is a learning chart.
Takeaway from this chart : The downtrend is following the trend and hitting price as expected. The turn or market turning point, which occured nextday morning just before 10am, is making the rectangles disturbed further. So if the trend line we keep extending, it does not hit the corners. This could be the way to find out the turning point of the market ? Further deep study and experience is needed to arrive at the turning point. Atleast we assume now the region of turning area. Also the inter relationship between bear trend and bull trend price/time, has some similarity. But it may not exactly match. The intraday chart is classic example. The tricky part is the time moving to next day. and when we calculate time, we are unexpectedly ending the time i.e. the next day time is not a continuation one. So calculating next day movement can be tricky. This needs extra experience and back testing. Also there is a fibonacci relationship with the time side ( no of candles ), from each squaring. Also we are studying the lowest level of intraday charting and moving it to 15 min chart. So we are testing the minute level possible. And in that scenario, we will have the time mismatch in minutes. How much time mismatch may happen, that needs a further study and backtesting. On a higher degree chart, although everything looks nice and proper, the lower degree chart testing and confirmation is needed.
Note: (I am a soul the son of Parampita Paramatma Shiva. ) I have around 2 months experience into technical analysis, completely new to Technicals. Never trade based on any suggestions. It is hardly possible to make consistent profit from other's trade. These are only someone's perspective which could be wrong from another view. So Never Trade from these - Till - We understand ourselves the reason.
Previous study
1. Nifty Astro Roadmap Chart - 1st part
Brothers,This is the Second Nifty Astro Roadmap chart - For the downtrend from 10873.25 which started the deep bearish movement yesterday.
Start point - 22 Aug 2019 1:01 PM
Focus only on the highlighed area.
This is drawn with 1 minute chart and then shown on 15 min chart. It looks nice and beautiful. See how time and price match.
This is a learning chart.
Takeaway from this chart : The downtrend is following the trend and hitting price as expected. The turn or market turning point, which occured nextday morning just before 10am, is making the rectangles disturbed further. So if the trend line we keep extending, it does not hit the corners. This could be the way to find out the turning point of the market ? Further deep study and experience is needed to arrive at the turning point. Atleast we assume now the region of turning area. Also the inter relationship between bear trend and bull trend price/time, has some similarity. But it may not exactly match. The intraday chart is classic example. The tricky part is the time moving to next day. and when we calculate time, we are unexpectedly ending the time i.e. the next day time is not a continuation one. So calculating next day movement can be tricky. This needs extra experience and back testing. Also there is a fibonacci relationship with the time side ( no of candles ), from each squaring. Also we are studying the lowest level of intraday charting and moving it to 15 min chart. So we are testing the minute level possible. And in that scenario, we will have the time mismatch in minutes. How much time mismatch may happen, that needs a further study and backtesting. On a higher degree chart, although everything looks nice and proper, the lower degree chart testing and confirmation is needed.
Note: (I am a soul the son of Parampita Paramatma Shiva. ) I have around 2 months experience into technical analysis, completely new to Technicals. Never trade based on any suggestions. It is hardly possible to make consistent profit from other's trade. These are only someone's perspective which could be wrong from another view. So Never Trade from these - Till - We understand ourselves the reason.
Previous study
1. Nifty Astro Roadmap Chart - 1st part
