Now its logical that they ( institutional ) Contained the price with in its previous trend ( Range Bond ) if on Friday they have moved out then there would have
been lots of short sell build up ( Mostly form retail and small Pro) and it would be difficult to take up side with lots of such negative mood
Now if they correct one more time , as per chart description
Probability of 1 is Running flat where they will make sharp Gap down or correction and move up in strong bound price action
Probability of 2 is Moving beyond the recent correction low and then rebound this will give confidence to institutions that one of the visual pattern is complete
and now the trend can resume and Mass Participants can also get an opportunity in trading prospective of next move up
My personal view is Probability of 2 where even for me i will have certain confidence to take up fresh buy in the Market
There is no other alternative method as off i know apart from these mentioned here ,
One can wait for Monday Open and can understand the what is IB then look for entering the Market
Good luck
been lots of short sell build up ( Mostly form retail and small Pro) and it would be difficult to take up side with lots of such negative mood
Now if they correct one more time , as per chart description
Probability of 1 is Running flat where they will make sharp Gap down or correction and move up in strong bound price action
Probability of 2 is Moving beyond the recent correction low and then rebound this will give confidence to institutions that one of the visual pattern is complete
and now the trend can resume and Mass Participants can also get an opportunity in trading prospective of next move up
My personal view is Probability of 2 where even for me i will have certain confidence to take up fresh buy in the Market
There is no other alternative method as off i know apart from these mentioned here ,
One can wait for Monday Open and can understand the what is IB then look for entering the Market
Good luck