Unveiling the Intriguing Intraday Patterns of NIFTY on 29 Feb 24
1.Opening Range:The market opened flat with first few candles indicating that today might have two sided trading and the market was two sided in a trading range as the opening range suggested
2.Mid Day and Closing:The market consolidated and gave a closing at around the top of the range which is a typical monthly expiry day...
Patterns which were tradable:
Only 1 good trade was seen today as per my analysis which came in the opening hour
1.
The market formed a wedge pattern on the open with the 2nd bar being the first leg down
bars 5,6,7 being second leg down and bar 10 as the start of leg 3 after 2 buy climax bars adding double confirmation...
ANY DOUBTS RELATED TO PATTERN COMMENT BELOW I WILL BE READY TO HELP YOU GUYS!!!
Whether you're a seasoned trader or a curious observer, dissecting these intraday patterns offers valuable insights into market dynamics and potential trading strategies.Would you like to see more posts like this, or do you have any suggestions for changes or improvements? Your feedback is invaluable in shaping our future content! Let us know in the comments below
Happy Trading!!
2.Mid Day and Closing:The market consolidated and gave a closing at around the top of the range which is a typical monthly expiry day...
Patterns which were tradable:
Only 1 good trade was seen today as per my analysis which came in the opening hour
1.
The market formed a wedge pattern on the open with the 2nd bar being the first leg down
bars 5,6,7 being second leg down and bar 10 as the start of leg 3 after 2 buy climax bars adding double confirmation...
ANY DOUBTS RELATED TO PATTERN COMMENT BELOW I WILL BE READY TO HELP YOU GUYS!!!
Whether you're a seasoned trader or a curious observer, dissecting these intraday patterns offers valuable insights into market dynamics and potential trading strategies.Would you like to see more posts like this, or do you have any suggestions for changes or improvements? Your feedback is invaluable in shaping our future content! Let us know in the comments below
Happy Trading!!
Comment:
Today's opening is completely different from previous 3 days