Thursday, 15 September 2016

Nifty Future 15092016
















It remained range bound for most part of the day.  There was a direct BO setup of Range High but it tested the patience and conviction a lot.

Did you notice that for last two days in a row, it has been able to close at around highest point of day in a short term downtrend. What does that mean?  Is it a sign of weakness of sellers?

Also prices have traded in a narrow range of 60 points for past three days. So now what likely it can do?

Think about it.  Engage the other party.

Please do not ask me for the answer.  Try to find out on your own.


3 comments:

  1. hi..
    Keep up your good work. I am a technical Analyst who had been lost in the world of indicators and strategies and looking for holy grail but noting worked out. But this price action trading is helping a lot to gain knowledge and skills and to know the real market. Hope you continue doing your good work and motivate others like your doing now.

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