Stock market is always very surprising , and changing pattern gives an Questionable moment to Most Analyst
This is 1st time i have come across such an small structure of Contracting flat , i do not know much what is behind driving this instrument in such
an aggressive manner
My Point is Contracting flat usually occur during 5th wave where people at large think different as its still need to correct as per wave theory or whatever theory
but institutions never let any to notice and they make contracting flat and they move on towards next leg of momentum ,
i never saw such an small contracting flat on daily time frame , its un-usual but now i am confirming its in last move of current impulse leg
Since its last move i would advise for small Quantity in equity and if you are holding look to book using 2 hour candle low as trailing stop
Good luck
This is 1st time i have come across such an small structure of Contracting flat , i do not know much what is behind driving this instrument in such
an aggressive manner
My Point is Contracting flat usually occur during 5th wave where people at large think different as its still need to correct as per wave theory or whatever theory
but institutions never let any to notice and they make contracting flat and they move on towards next leg of momentum ,
i never saw such an small contracting flat on daily time frame , its un-usual but now i am confirming its in last move of current impulse leg
Since its last move i would advise for small Quantity in equity and if you are holding look to book using 2 hour candle low as trailing stop
Good luck
Trade active