We are looking at some of the most extreme bullish reading on breadth in last few years. It shows the powerful buying surge post Trump election.
In short run a consolidation/pullback more likely as market digests this surge. After a orderly correction more upside likely for next couple of quarters.
2 comments:
Hello Pradeep- Love your blog on how to look for setup and process to identify it. Doing my own research to find setups suitable for me. I have one question, if you could clarify, it will be helpful.
Once you identify setup eg: consolidation or narrow range and we are expecting breakout/ breakdown from that range, how one should execute that trade? Do we need to go in lower time frame (5/15/1 hr) to take a trade or wait for close of day candle to confirm the breakout/breakdown?
Thank you.
Sujay
Yes you can use lower time frame to enter
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