Shrinat , here is a small information i would like to share with you , if it helps good , or ignore it , Always look for candle range Open & Close , it should be grater than at least 7 candles in the past , what does it mean is , if prior close are in narrow range then the reversal will be high likely , suppose if prior candle are strong and the range is also strong then its just an pull back before move up , its an logical explanation rest is your imagination , Good luck
imshrinathshetty
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@I-Fund-Trader, hey thanks for the info. Would you please provide an example as it seems I didn't understand it completely. I am sharing my understanding of your explanation.
I-Fund-Trader
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@imshrinathshetty, Yes prior candle range ware narrow , but look they never broke the low of each candle , it means that the move to upside is still possible and the range are very ignorant to consider there is really any selling , the same is true when you see a continues low range candle and when you see reversal candle range is larger than past 7 candle then expect the reversal is high likely , in this case also i am waiting for reversal candle range at the EOD should be higher than past 6 to 7 candle then it will confirm the reversal is possible in next two seasons
imshrinathshetty
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@I-Fund-Trader, things are clear now. Thank you for the valuable info :-)