End the year strong and most importantly in confidence. Profits/ Loss for this year is just a byproduct of our trade execution. Expect to see a little volatile direction less market.
We have strong buyers entering the markets. Expect them to accumulate in a range for a period of 4 to 6 weeks before they make a move upwards.
Any other upside move...
Its really important to have a view based on market structure. I am presenting my view for the period of November 2021. As we near the year end expiry, consider considerable amount of short buildup to happen. Assuming markets will correct another 10 to 15 percent after taking a pause or slightly going up for few days. Recommend you to be cautious...
See the current market structure - market will come down rapidly but take some pause next week during monthly expiry. Before it goes down, expect to see a sideways market next week and first week of next month for short buildup.
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I am contributing my thought process & understanding of current market structure. I will attempt to post my ideas regularly. Do comment your opinions and questions. Please like and follow if you find them accurate.