Nifty 50 futures<\/h2>\n\n\n\nThe Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty-50](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/05\/Breakout-Above-Inside-Bar--680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- General Discussion<\/strong>
- Market gave 2 consecutive bull bars near the support area, also the 2nd<\/sup> bull bar was a breakout of the inside bar.<\/li><\/ul>
- The breakout of the inside bar would be start of the 1st<\/sup> leg up, and the minimum market could give is 2 legs sideways to up.<\/li><\/ul>
- As market likes to move in 2 legs up (as it did on previous leg), this means you can buy above on a High 1 if the 1st<\/sup> leg is strong enough.<\/li><\/ul><\/li>
- Deeper into price action<\/strong>
- You can see the last time the market came to this support area, it bounced up abruptly.<\/li><\/ul>
- But this time market formed small bull bars, and also the 2nd<\/sup> bull bar has a tail.<\/li><\/ul>
- With increasing tails, it points to market can go into Trading Range.<\/li><\/ul>
- But in this case, there are higher chances that the market can reverse down after 2nd<\/sup> leg up (especially if 2nd<\/sup> leg up is weak) so you can expect one more test down to support.<\/li><\/ul><\/li>
- Patterns<\/strong>
- Whenever you get an inside bar which is a bull bar, then buying on the breakout of that inside bar has a higher probability than buying above bear inside bar.<\/li><\/ul><\/li><\/ul>\n\n\n\n
- Pro Tip<\/strong>
- Market generally likes to move in 2 legs especially after any kind of breakout or breakdown, and then it decides whether to continue in the direction of breakout or to reverse.<\/li><\/ul>
- Example: Suppose market results in breakout of a triangle, then the minimum market would give us is 2 legs up and a decision on whether to continue up or reverse down.<\/li><\/ul>
- If you see strong reversal signs after the 2nd<\/sup> leg up (of triangle breakout) then this would mean that market could reverse and trap the buyers (who bought the triangle breakout).<\/li><\/ul><\/li><\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty-50](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/05\/Possible-Final-Flag-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- General Discussion<\/strong>
- Market is in a broad bear channel for a long time now. Looking left on the charts we can see market showing climatic moves up and down suggesting a trading range.<\/li><\/ul>
- Market forming triangle near the bottom of the broad bear channel, and this could be final flag.<\/li><\/ul>
- Increasing trading range price action is seen in the triangle, with so many tails and bad follow-through bars.<\/li><\/ul><\/li>
- Deeper into the price action<\/strong>
- Whenever you see the following characteristics like
- Increasing tails<\/li><\/ul>
- Increasing bad follow-through bars<\/li><\/ul><\/li><\/ul>
- This means that there is high probability that market would be converting at least into a trading range soon, or market is likely to reverse its direction.<\/li><\/ul>
- In general, when market is showing increase in Trading Range price action, with patterns like wedge \/ channel, this would suggest that there is a loss of momentum in the trend with now a higher probability of reversals.<\/li><\/ul><\/li>
- Patterns<\/strong>
- Market in broad bear channel and completed 2 legs down and the 2 legs were climatic.<\/li><\/ul>
- After 2 legs market forming triangle near the bottom of the broad bear channel.<\/li><\/ul>
- This means that there is high probability that this is a final flag rather than bear flag.<\/li><\/ul>
- Always remember the minimum you need for a triangle is 5 legs in the pattern and lines would not be perfect. <\/li>
- Or you can also think it in this way \u2192 the minimum you need for triangle is 1) A High, 2) Lower High, 3) A Low, and 4) Higher Low i.e., you need 4 swings to satisfy the pattern as triangle.<\/li><\/ul><\/li><\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n\n
- General Discussion<\/strong>
- Market gave 2 consecutive bull bars near the support area, also the 2nd<\/sup> bull bar was a breakout of the inside bar.<\/li><\/ul>
- The breakout of the inside bar would be start of the 1st<\/sup> leg up, and the minimum market could give is 2 legs sideways to up.<\/li><\/ul>
- As market likes to move in 2 legs up (as it did on previous leg), this means you can buy above on a High 1 if the 1st<\/sup> leg is strong enough.<\/li><\/ul><\/li>
- Deeper into price action<\/strong>
- You can see the last time the market came to this support area, it bounced up abruptly.<\/li><\/ul>
- But this time market formed small bull bars, and also the 2nd<\/sup> bull bar has a tail.<\/li><\/ul>
- With increasing tails, it points to market can go into Trading Range.<\/li><\/ul>
- But in this case, there are higher chances that the market can reverse down after 2nd<\/sup> leg up (especially if 2nd<\/sup> leg up is weak) so you can expect one more test down to support.<\/li><\/ul><\/li>
- Patterns<\/strong>
- Whenever you get an inside bar which is a bull bar, then buying on the breakout of that inside bar has a higher probability than buying above bear inside bar.<\/li><\/ul><\/li><\/ul>\n\n\n\n
- Pro Tip<\/strong>
- Market generally likes to move in 2 legs especially after any kind of breakout or breakdown, and then it decides whether to continue in the direction of breakout or to reverse.<\/li><\/ul>
- Example: Suppose market results in breakout of a triangle, then the minimum market would give us is 2 legs up and a decision on whether to continue up or reverse down.<\/li><\/ul>
- If you see strong reversal signs after the 2nd<\/sup> leg up (of triangle breakout) then this would mean that market could reverse and trap the buyers (who bought the triangle breakout).<\/li><\/ul><\/li><\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- General Discussion<\/strong>
- Market is in a broad bear channel for a long time now. Looking left on the charts we can see market showing climatic moves up and down suggesting a trading range.<\/li><\/ul>
- Market forming triangle near the bottom of the broad bear channel, and this could be final flag.<\/li><\/ul>
- Increasing trading range price action is seen in the triangle, with so many tails and bad follow-through bars.<\/li><\/ul><\/li>
- Deeper into the price action<\/strong>
- Whenever you see the following characteristics like
- Increasing tails<\/li><\/ul>
- Increasing bad follow-through bars<\/li><\/ul><\/li><\/ul>
- This means that there is high probability that market would be converting at least into a trading range soon, or market is likely to reverse its direction.<\/li><\/ul>
- In general, when market is showing increase in Trading Range price action, with patterns like wedge \/ channel, this would suggest that there is a loss of momentum in the trend with now a higher probability of reversals.<\/li><\/ul><\/li>
- Patterns<\/strong>
- Market in broad bear channel and completed 2 legs down and the 2 legs were climatic.<\/li><\/ul>
- After 2 legs market forming triangle near the bottom of the broad bear channel.<\/li><\/ul>
- This means that there is high probability that this is a final flag rather than bear flag.<\/li><\/ul>
- Always remember the minimum you need for a triangle is 5 legs in the pattern and lines would not be perfect. <\/li>
- Or you can also think it in this way \u2192 the minimum you need for triangle is 1) A High, 2) Lower High, 3) A Low, and 4) Higher Low i.e., you need 4 swings to satisfy the pattern as triangle.<\/li><\/ul><\/li><\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- This means that there is high probability that this is a final flag rather than bear flag.<\/li><\/ul>
- After 2 legs market forming triangle near the bottom of the broad bear channel.<\/li><\/ul>
- Market in broad bear channel and completed 2 legs down and the 2 legs were climatic.<\/li><\/ul>
- This means that there is high probability that market would be converting at least into a trading range soon, or market is likely to reverse its direction.<\/li><\/ul>
- Increasing bad follow-through bars<\/li><\/ul><\/li><\/ul>
- Increasing tails<\/li><\/ul>
- Whenever you see the following characteristics like
- Market forming triangle near the bottom of the broad bear channel, and this could be final flag.<\/li><\/ul>
- Market is in a broad bear channel for a long time now. Looking left on the charts we can see market showing climatic moves up and down suggesting a trading range.<\/li><\/ul>
- General Discussion<\/strong>
- If you see strong reversal signs after the 2nd<\/sup> leg up (of triangle breakout) then this would mean that market could reverse and trap the buyers (who bought the triangle breakout).<\/li><\/ul><\/li><\/ul>\n<\/div><\/div>\n\n\n\n
- Example: Suppose market results in breakout of a triangle, then the minimum market would give us is 2 legs up and a decision on whether to continue up or reverse down.<\/li><\/ul>
- Market generally likes to move in 2 legs especially after any kind of breakout or breakdown, and then it decides whether to continue in the direction of breakout or to reverse.<\/li><\/ul>
- Pro Tip<\/strong>
- Patterns<\/strong>
- But in this case, there are higher chances that the market can reverse down after 2nd<\/sup> leg up (especially if 2nd<\/sup> leg up is weak) so you can expect one more test down to support.<\/li><\/ul><\/li>
- With increasing tails, it points to market can go into Trading Range.<\/li><\/ul>
- But this time market formed small bull bars, and also the 2nd<\/sup> bull bar has a tail.<\/li><\/ul>
- Deeper into price action<\/strong>
- As market likes to move in 2 legs up (as it did on previous leg), this means you can buy above on a High 1 if the 1st<\/sup> leg is strong enough.<\/li><\/ul><\/li>
- The breakout of the inside bar would be start of the 1st<\/sup> leg up, and the minimum market could give is 2 legs sideways to up.<\/li><\/ul>
- Market gave 2 consecutive bull bars near the support area, also the 2nd<\/sup> bull bar was a breakout of the inside bar.<\/li><\/ul>