LOL, it's impossible to keep ichi apart on this one, Sunny. I knew this was Nifty before I read it on your chart.
Now that I fully divulged that, let me tell you what will happen, and I will tell you what will happen with the obvious, with respect to your TL.
One rule or the other is bound to be broken. We have the obvious TL break. It's a nice strong candle, so it should move up higher, then correct back, and then head higher yet. We know the TL is drawn just a short ways under a fresh cloud, so if the TL scenario play out, then the fresh cloud gets broken into on the 1st hit.
If the cloud rule holds, then we just got fake out on the TL.
Now, let's get back to strictly TL's. We have the strong candle break, so this week it should head higher, then we get the correction back to the point of the break, and it could travel to the TL. Afterward, it resumes the UP by heading even higher.
BTW, excellent chart. The 1st few posts in this thread, I wanted to show the rule, because it is the only way to show how to trade a TL.
If this turns out to be the exception, then no harm was done, because the rule is to place the trade after the correction was made and not on the heels of the break. The exception also suggests to us that when the low of the candle that broke the TL is broken, then that is the signal we are back in the DOWN.
Also, a couple of other things you should know. Nifty is the one market that I don't trade that I look at more than any of them, DJIA included. This is because of its immense popularity in this forum. I don't think a time will come when you would be bale to post its chart, when it has not already registered in my rote memory.
Here's a metaphor: You know what your wife looks like. If you go away on a 2-week business trip, when you get back, you will still know what she looks like. Her face has kicked in your rote memory. I don't love Nifty like you do your wife, but you get the idea.
If you want to post a chart on something I know nothing about, or have no access to the market, then that's fine. I'll look at in terms of TL's only, my total methodology, or any other methodology I have some knowledge about. They are actually more fun, and it does help me in exercising more. When others become the benefactor, then we all benefit.
Now that I fully divulged that, let me tell you what will happen, and I will tell you what will happen with the obvious, with respect to your TL.
One rule or the other is bound to be broken. We have the obvious TL break. It's a nice strong candle, so it should move up higher, then correct back, and then head higher yet. We know the TL is drawn just a short ways under a fresh cloud, so if the TL scenario play out, then the fresh cloud gets broken into on the 1st hit.
If the cloud rule holds, then we just got fake out on the TL.
Now, let's get back to strictly TL's. We have the strong candle break, so this week it should head higher, then we get the correction back to the point of the break, and it could travel to the TL. Afterward, it resumes the UP by heading even higher.
BTW, excellent chart. The 1st few posts in this thread, I wanted to show the rule, because it is the only way to show how to trade a TL.
If this turns out to be the exception, then no harm was done, because the rule is to place the trade after the correction was made and not on the heels of the break. The exception also suggests to us that when the low of the candle that broke the TL is broken, then that is the signal we are back in the DOWN.
Also, a couple of other things you should know. Nifty is the one market that I don't trade that I look at more than any of them, DJIA included. This is because of its immense popularity in this forum. I don't think a time will come when you would be bale to post its chart, when it has not already registered in my rote memory.
Here's a metaphor: You know what your wife looks like. If you go away on a 2-week business trip, when you get back, you will still know what she looks like. Her face has kicked in your rote memory. I don't love Nifty like you do your wife, but you get the idea.
If you want to post a chart on something I know nothing about, or have no access to the market, then that's fine. I'll look at in terms of TL's only, my total methodology, or any other methodology I have some knowledge about. They are actually more fun, and it does help me in exercising more. When others become the benefactor, then we all benefit.
How would u analyse this? Considering TL only...keep Ichi apart 
This is Nifty spot, daily
This is Nifty spot, daily
