Dear VaibhavPro,
Just my view.
Today is a day of consolidation for the first half and breakout in the second half.
Today market was in sideways in the 5M tf most of the time and hence ELH5 failed today.
This could happen on any trading days it has nothing to do with expiry or pre expiry.There are several expiry dates when markets moved one side.
Just my view.
Today is a day of consolidation for the first half and breakout in the second half.
Today market was in sideways in the 5M tf most of the time and hence ELH5 failed today.
This could happen on any trading days it has nothing to do with expiry or pre expiry.There are several expiry dates when markets moved one side.
More over i think it is stock specific also everyday some stocks sure come right and some fail on this method but it happens with all the system so all depends upon in which method we are comfortable.
ELH5 i am still checking this system and seeing how it works so can't comment on this now.
VaibhavPRO can you pls post your chart for todays trading based on ELH5.
Thanks.