Financial Markets

 First talk about the global markets this week all the global markets closed positively. Still there is no sign of bulls in the market people might be wondering is it right to take long position in market but wait market is still bearish. As a price action traders we foucs on price moment and if observe the price movement it is still making lower lows and lower high patter. It is quite important to understand how would market turn around. Let take the 2015 bear market where market took correction of 24% at the end correction if formed reversal pattern and made the new bull move.     This is how market turn around if you see current market pattern there is no sign of bullishness. So lets analyse the current market situation and take the necessary actions. Lets get clear about one question when market would turn bullish when it crosses 16800 level then market would turn bullish.     C urrently market is taking retracement one of the most used tool used by people t...

 Let's understand market on the basis of price action, first thing to observe is market is trend. On the daily time frame we see the swings highs and lows we observe that market is forming Lower Highs and Lower Lows structure this indicates market is in bearish trend  So we have got to know about the trend of the market next thing to observe is previous day candle (i.e 17th June 2022) we can see market as formed doji this indicates that there was fight between bulls and bears and no one has won in the battle and formed indecision candle.  Let's observe market in one hour time frame here we see market is consildating the range of 15400 to 15180 if market opens side ways and break on the either side we can take position in that direction. There two was to approach in this situation either you can go with breakout trade or else you can go with the pull back trade. It depends on the individual risk managment and conviction about the trade. If market opens in the range then on...