On this blog, before also I’ve presented many examples on Price & Time structure of the markets.
But, today’s market action is a classic example of this approach. And it is again confirming its worth.
As you already know today, the market opened gap-down. The selling pressure was a bit high in the morning. By seeing such a situation, many Day-traders go for short-trade.
But markets were having something more interesting for Feb 2020 Expiry. After making the low around 10:30 am, Nifty Index started flying higher.
In the afternoon, the buying get more robust, and that had made the Intraday short-seller to book the loss.
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