Flat session for market(NIFTY 50)
Despite the calmness, our VPA strategy managed to identify four potential trading opportunities:
Point 1: Reversal Candle at 11:35 AM
- Observation: A reversal candle formed around 11:35 AM.
- Action: According to VPA, this candle indicated a potential market downturn.
- Result: Following this signal, the market drifted downward, confirming the reversal.
Point 2: Reversal Formation
- Observation: The next key signal, marked as Point 2, showed another reversal pattern.
- Action: This suggested that the market would start climbing.
- Result: After this formation, the market did indeed start to rise, validating our VPA signal.
Point 3: Tight Square Pattern from 14:05 to 14:20
- Observation: Between 14:05 and 14:20, a tight square pattern formed.
- Action: This pattern often indicates a period of consolidation, followed by a pullback or continuation.
- Result: The market showed a slight drift after this pattern, demonstrating a minor pullback as predicted.
Point 4: Reversal Candle at 14:50
- Observation: Around 14:50, another reversal candle was formed.
- Action: This indicated a potential downward movement.
- Result: As anticipated, the market drifted downward following this reversal signal.
Conclusion:
- Despite a flat opening and lower average volume, our VPA strategy identified four significant trades.
- Each of these signals provided valuable insights into the market's potential movements.
- By carefully analyzing these patterns, we were able to navigate the market effectively, even on a less active trading day.
Reminder:
- It’s crucial to conduct your own research and adapt strategies to your personal trading style and risk tolerance.
- Different strategies work better in different market conditions, so always stay informed and flexible.
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