#MARKETS
In a bear mkt increase the tf to 6m / 1y, u will become bullish. Short and medium term bearish moves are actually long term pullbacks. Since 1990, there were only 9 bearish years out of 32.
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More from ScorpioManoj
#Freetip
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
#FreeTip
— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.
More from Niftylongterm
#repost
#NIFTY in Regression Channel.
— Piyush Chaudhry (@piyushchaudhry) April 30, 2022
A rectangular consolidation around the central Line of Best Fit, with no such reversal characteristics on display yet.
For it to revisit the upper band, odds would increase only on a break above ~17450.
Else, it's a slippery slope. pic.twitter.com/4OT7JM1TJY