How do you identify a sideways market for trading?
In uptrend, it is the close below DHEma that suggests of a correction and it normally extends upto 10-20 points below DLEma. Depending on the nature of correction, it could even close below DLEma one day and reverses.
In uptrend, it is the close below DHEma that suggests of a correction and it normally extends upto 10-20 points below DLEma. Depending on the nature of correction, it could even close below DLEma one day and reverses.
In downtrend, it is the close above DLEma that suggests of a correction and it normally extends upto 10-20 points above DHEma. Depending on the nature of correction, it could even close above DHEma one day and reverses.
Divergences are excellent indication of stretched market/ exhausted market
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