Nifty 50 futures<\/h2>\n\n\n\nThe Monthly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/Nifty-50-Wedge-Breakout-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- The market presents two consecutive strong bull bars in a bull trend, advising against bear selling.<\/li>\n\n\n\n
- Bulls can consider buying the close of the strong bull bar, given the high likelihood of a second leg up.<\/li>\n\n\n\n
- While very strong consecutive bull bars late in a trend may hint at a buy climax, buying remains reasonable. Conservative traders may await a high-1 or high-2 signal bar.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the Price Action<\/strong>\n
\n- The failure to produce strong consecutive bear bars indicates bears are struggling to initiate a reversal.<\/li>\n\n\n\n
- As the market nears the significant round number 22000, acting like a strong magnet, a successful bull breakout of the wedge top requires a follow-through bar.<\/li>\n\n\n\n
- If bears manage a strong bear bar, the chances of a buy climax increase.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market, previously in a wedge top pattern, has successfully undergone a strong bull breakout.<\/li>\n\n\n\n
- Typically, the odds of a successful bull breakout from a wedge top are 25%, necessitating a robust follow-through for success.<\/li>\n\n\n\n
- Failure to achieve a strong follow-through may lead to a measured move down based on the recent bull bars’ height<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/Nifty-50-Bull-Micro-Channel-1-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- The market, within a bull micro channel with an open breakout gap, advises bears against selling until a strong reversal attempt occurs.<\/li>\n\n\n\n
- Bulls, in this bull micro channel, can enter by placing stop orders at the high of bull bars or limit orders at the bars’ lows, given the high chances of a second leg up before a major reversal attempt.<\/li>\n\n\n\n
- Long-position holding bulls should maintain their positions until consecutive bear bars form.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- The breakout gap suggests a measured move up, calculated by moving a distance equal to the height from the bottom of the leg to the middle of the breakout gap.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market’s presence in a bull micro channel indicates that the low of each bar is greater than the low of the previous bar. Note: While there can be bear bars in a bull micro channel, the only rule is that each bar’s low is higher than its predecessor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
<\/div>\n\n\n\n
\n
- \n
- General Discussion<\/strong>\n
- \n
- The market presents two consecutive strong bull bars in a bull trend, advising against bear selling.<\/li>\n\n\n\n
- Bulls can consider buying the close of the strong bull bar, given the high likelihood of a second leg up.<\/li>\n\n\n\n
- While very strong consecutive bull bars late in a trend may hint at a buy climax, buying remains reasonable. Conservative traders may await a high-1 or high-2 signal bar.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the Price Action<\/strong>\n
- \n
- The failure to produce strong consecutive bear bars indicates bears are struggling to initiate a reversal.<\/li>\n\n\n\n
- As the market nears the significant round number 22000, acting like a strong magnet, a successful bull breakout of the wedge top requires a follow-through bar.<\/li>\n\n\n\n
- If bears manage a strong bear bar, the chances of a buy climax increase.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market, previously in a wedge top pattern, has successfully undergone a strong bull breakout.<\/li>\n\n\n\n
- Typically, the odds of a successful bull breakout from a wedge top are 25%, necessitating a robust follow-through for success.<\/li>\n\n\n\n
- Failure to achieve a strong follow-through may lead to a measured move down based on the recent bull bars’ height<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- General Discussion<\/strong>\n
- \n
- The market, within a bull micro channel with an open breakout gap, advises bears against selling until a strong reversal attempt occurs.<\/li>\n\n\n\n
- Bulls, in this bull micro channel, can enter by placing stop orders at the high of bull bars or limit orders at the bars’ lows, given the high chances of a second leg up before a major reversal attempt.<\/li>\n\n\n\n
- Long-position holding bulls should maintain their positions until consecutive bear bars form.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- The breakout gap suggests a measured move up, calculated by moving a distance equal to the height from the bottom of the leg to the middle of the breakout gap.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market’s presence in a bull micro channel indicates that the low of each bar is greater than the low of the previous bar. Note: While there can be bear bars in a bull micro channel, the only rule is that each bar’s low is higher than its predecessor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- The market’s presence in a bull micro channel indicates that the low of each bar is greater than the low of the previous bar. Note: While there can be bear bars in a bull micro channel, the only rule is that each bar’s low is higher than its predecessor.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
- General Discussion<\/strong>\n