Thursday, November 11, 2010

Contraction and Expansion

The cycle of contraction and Expansion is probably the most reliable pattern in the Market. I am giving the 60 minute chart for the Nifty Futures. Note how prices contracted into an extremely narrow range before breaking down.

The Trend (Expansion) and Range (Contraction) process lies at the core of short erm trading. Develop a practised eye to detect this pattern.

1 comment:

bkm said...

Dear Sudarshanji,
Blue is beautiful color very nice and soothing to eye instead of Red and Green (they are like traffic signal of everyday buzz).
And most of your comments are also beautiful very nice and soothing to mind instead of bulls and bear (they are like TV comments of everyday buzz).

bharat modi