General Trading Chat

What's with Friday's EOD chart ? Wasn't a clear pattern at that time :confused:

there was a spring on both bnf and nf chart on eod it was a beautiful spring and on friday there was an excellent low volume test of supply in nf. i think the same has happened in bnf also.

in nf intraday 5m chart on friday there was selling climax and after that price moved in accumulation at higher levels and yday it came back to test the low of friday selling climax thus creating spring at yday low and mkt moved sharply from there. the sharp moves can not be anticipated but there were high odds for mkt to move up.

regds,
s
 

XRAY27

Well-Known Member
I still am not sure of the reasons for today's reversal. Why did that happen ? Skymet's weather prediction about a better monsoon ?
TP Bhai !!!

i don't know news part, but reversal is shown on daily chart which is is based on volume on friday.. once the high is broken 7569.35 (High of friday 8 th April) all out for down move.

TA is only complete if we study Price along with volume and EOD reversal/s are vital for survival, which in turn create "moment of opportunity flow"
 
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