December 11, 2018

Recent examples of today's candlestick...let's see what has happened

Today markets opened deep gap down and effectively the low for the day was made.

And then this was followed by a strong recovery and close near the highs.

Further, the overall size of the candlestick was well beyond the typical sizes.

This has happened in the past and it is interesting to see what happened afterwards.

I am looking at nifty only... examples are from 2012 onwards and events are marked with arrows.

Conclusion: waste of time

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