This one is Going to Come down heavy , as it has pushed so far and any weakness will start cracking , I will be Looking sell on Reversal on 1 Hour with stop above 0.5 % the Top of the scrip , I will be looking to stay with it trailing my stop until it makes an 10 % move down form the current level Sell on reversal in Futures
what pattern is that?? just trendline support and resistance or something else??
I-Fund-Trader
⋅
@singhankit, its named as Expanding Flat , it means , when trend reaches to certain level or certain psychologically considered as high (on Current prices) the Moving trend starts moving the flat direction or side ways , but these side ways tend to have certain repeatable pattern , and which is identified by professionals and named as Expanding Flat , that means price moves little bit higher/Little bit lower but remains in the same Flat conditions ,
Regards