Nifty 5 min chart!
.
Pink horizontal lines are where they is resistance and obstruction to price flow. In between them free flow of price is possible.
With C=0 occurring the likelihood of 11848 is possible.
11;35
You will observe rotation between pink horizontal lines which are range due to bodies of indicisive candles ...
Nifty Spot 5min chart !
12;10
Nifty update ... Rotation ongoing ...! ... 12;33
Strength Candle over Indecision Bank is barrier crossesed and we move to next higher resistances.
Nifty 5min chart 12:57
Nifty Update .. one more indecision barrier crossed with a placement of body of strength candle over it.
.
Just classification of candles in to two - Indecision & Momentum... Names of Candles don't matter .. is that a wake up call? .. doing it for years !
Nifty Spot 11869 … even a marginal higher high above 27Jun19 high of 11911 will change the structure of current wave to HH HL …. 13:15
Nifty Spot 5min chart ... how simple price flow is easy to read ... guess why ?
.
13;34
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Decoding Candlesticks: Unveiling the Price Story in Motion!
Ever wondered what those moving rectangles in charts have to say about prices?
#thread
What is Candlestick?
Imagine these rectangles in motion as storytellers of price movement.
No need for fancy names; we're shifting focus to body sizes and heights for a fresh perspective. Some have tiny bodies, while others are robust. The body size & % to full height matter.
Open of the Day: The opening price sets the stage.
It's the result of news, events, & sentiment since the last close.
Prices above or below the open often hint at the day's bias.
I adopt an appropriate amount of Patience as a balance between fear and greed.
.
I maintain the required patience to attain my entry and exit
. #trading#affirmations