If price gaped down then moved high , Look for reversal near 10060/10070 , they are making an expanding flat in the middle of the trend and then they are going down , this could be possible set up for Monday
can please explain me what is expanding flat means, why it si significant
shiv2798
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@nalinakshi, Flat in English means market is going to be with in range bond or its flat to trend , No trending mode , on smaller time frame you will tend to find very narrow range movements , most retail try to buy or sell and get stopped for both side ,
Regards
shiv2798
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@nalinakshi, Here they are making an expanding flat , it means the market tend to brake low and high and then returns to range bond , most of the time institutional are buying and it overshoots by few points and then again they stop buying it will head back with in range , its usual process of accumulation or distribution
nalinakshi
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i am happy that you posted in different form. i was expecting the same thing to happen
It's just wow factor.
U r god
Let me know where did u learnt that from.