Observed patterns
Lower Time frame
1) Flag
2) Higher Higher low
Higher TIme frame
1) VCP Squeeze formation on Higher time frame
2) Trend line support
3) Volume dryup during the squeeze. High volume sell off not getting follow through indicating exhaustion setting in..
Break out expected above or between 590 and 620..
View invalid below 520..
You can expect breakout supported by Huge Volume
Lower Time frame
1) Flag
2) Higher Higher low
Higher TIme frame
1) VCP Squeeze formation on Higher time frame
2) Trend line support
3) Volume dryup during the squeeze. High volume sell off not getting follow through indicating exhaustion setting in..
Break out expected above or between 590 and 620..
View invalid below 520..
You can expect breakout supported by Huge Volume