Nifty 50 futures<\/h2>\n\n\n\nThe Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/Nifty-50-Breakout-Gap-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n\n- General Discussion<\/strong>
- The last bull leg had a strong bull leg because many bulls anticipated the move up. Bulls would finally be able to confirm a strong breakout of the bear channel with a strong close above the resistance.<\/li><\/ul>
- Strong bull bars prevent most bears from shorting near the current levels, and some strong bulls may book some profits around the current level.<\/li><\/ul>\n
\n- Bears would sell the market in anticipation of the bear leg in this channel if the next bar was a bear bar that closed close to its low.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>
- There is an open breakout gap that demonstrates the strength of the bulls and serves as a support for the price.<\/li><\/ul>\n
\n- Bears would have an opportunity to sell for a double top bear flag formed near the immediate resistance if bulls fail to give a strong follow-through bar after the breakout.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>
- The market has created a breakout gap (represented by the green box), which could develop into a measuring gap if bulls are successful in creating a strong follow-through bar.<\/li><\/ul>\n
\n- If the market breaks out above the bear channel, the likelihood of a large trading range would increase. (according to the market cycle theory).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/Nifty-50-Measuring-Gap-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- General Discussion<\/strong>
- Market is forming a strong bull leg on the daily chart. The price is drawn to the measured movement as a result of the measuring gap.<\/li><\/ul>
- Until they see consecutive bear bars, bears would hold off on selling the market.<\/li><\/ul>\n
\n- Bears who shorted the cup and handle breakout and haven’t sold their positions yet are trapped and would be looking for a way out around their breakeven price.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>
- When bears\u00a0saw the final flag’s strong breakout, many bears who had shorted the cup & handle pattern should have exited\u00a0their positions.<\/li><\/ul>
- If you look at the bars on the left, you’ll notice that although the market has recently formed significant and strong bull and bear legs. There is also a formation of lower highs and lower lows, which suggests that the market is in a broad bear channel.<\/li><\/ul>\n
\n- Because the market is in a broad bear channel and has reached the measured move target of the measuring gap, bulls will be taking profits. Bears will try to short the market as soon as it forms a series of consecutive bear bars.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- When a bear flag forms late in a bear trend, the market treats it as a final flag, meaning it should be traded as a reversal pattern rather than a continuation pattern.<\/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\n
- \n
- General Discussion<\/strong>
- The last bull leg had a strong bull leg because many bulls anticipated the move up. Bulls would finally be able to confirm a strong breakout of the bear channel with a strong close above the resistance.<\/li><\/ul>
- Strong bull bars prevent most bears from shorting near the current levels, and some strong bulls may book some profits around the current level.<\/li><\/ul>\n
- \n
- Bears would sell the market in anticipation of the bear leg in this channel if the next bar was a bear bar that closed close to its low.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>
- There is an open breakout gap that demonstrates the strength of the bulls and serves as a support for the price.<\/li><\/ul>\n
- \n
- Bears would have an opportunity to sell for a double top bear flag formed near the immediate resistance if bulls fail to give a strong follow-through bar after the breakout.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>
- The market has created a breakout gap (represented by the green box), which could develop into a measuring gap if bulls are successful in creating a strong follow-through bar.<\/li><\/ul>\n
- \n
- If the market breaks out above the bear channel, the likelihood of a large trading range would increase. (according to the market cycle theory).<\/li>\n<\/ul>\n<\/li>\n<\/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- \n
- General Discussion<\/strong>
- Market is forming a strong bull leg on the daily chart. The price is drawn to the measured movement as a result of the measuring gap.<\/li><\/ul>
- Until they see consecutive bear bars, bears would hold off on selling the market.<\/li><\/ul>\n
- \n
- Bears who shorted the cup and handle breakout and haven’t sold their positions yet are trapped and would be looking for a way out around their breakeven price.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>
- When bears\u00a0saw the final flag’s strong breakout, many bears who had shorted the cup & handle pattern should have exited\u00a0their positions.<\/li><\/ul>
- If you look at the bars on the left, you’ll notice that although the market has recently formed significant and strong bull and bear legs. There is also a formation of lower highs and lower lows, which suggests that the market is in a broad bear channel.<\/li><\/ul>\n
- \n
- Because the market is in a broad bear channel and has reached the measured move target of the measuring gap, bulls will be taking profits. Bears will try to short the market as soon as it forms a series of consecutive bear bars.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- When a bear flag forms late in a bear trend, the market treats it as a final flag, meaning it should be traded as a reversal pattern rather than a continuation pattern.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- When a bear flag forms late in a bear trend, the market treats it as a final flag, meaning it should be traded as a reversal pattern rather than a continuation pattern.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
- If you look at the bars on the left, you’ll notice that although the market has recently formed significant and strong bull and bear legs. There is also a formation of lower highs and lower lows, which suggests that the market is in a broad bear channel.<\/li><\/ul>\n
- When bears\u00a0saw the final flag’s strong breakout, many bears who had shorted the cup & handle pattern should have exited\u00a0their positions.<\/li><\/ul>
- Until they see consecutive bear bars, bears would hold off on selling the market.<\/li><\/ul>\n
- Market is forming a strong bull leg on the daily chart. The price is drawn to the measured movement as a result of the measuring gap.<\/li><\/ul>
- General Discussion<\/strong>
- If the market breaks out above the bear channel, the likelihood of a large trading range would increase. (according to the market cycle theory).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
- The market has created a breakout gap (represented by the green box), which could develop into a measuring gap if bulls are successful in creating a strong follow-through bar.<\/li><\/ul>\n
- There is an open breakout gap that demonstrates the strength of the bulls and serves as a support for the price.<\/li><\/ul>\n
- Strong bull bars prevent most bears from shorting near the current levels, and some strong bulls may book some profits around the current level.<\/li><\/ul>\n
- The last bull leg had a strong bull leg because many bulls anticipated the move up. Bulls would finally be able to confirm a strong breakout of the bear channel with a strong close above the resistance.<\/li><\/ul>