January 15, 2019

NIFTY triangle

- just yesterday I mentioned that I am ignoring the triangle
- the reason was false breakout
- turns out it was my mistake and I was looking at the wrong chart

- I was looking earlier at the futures chart and not the spot one
- spot charts are better as effect of expiry premium is ignored

- now on spot chart, triangle is still valid and we have a breakout
- let us see how long will this breakout last

- height of triangle roughly 500 points

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