Today on 21/03/2025 with upward rally, on hourly chart I found similarity or smart money footprint (sign of weakness) at the time of closing bell same as (sign of strength) on 28 February 2025. what was that? Let's try to Dig....
previous days when market was forming lower low, that was downtrend look at the time on 28 February 2025 that was 14.15 pm on hourly chart an ultrahigh volume rejection candle appear which volume was around164 M. thereafter short seller trapped to see big red candle and market move toward upward.
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Today on 21/03/2025 also market gave a rejection candle on hourly chart with around 164 M ultrahigh volume Exact at 14:15 Pm so conclusion is that market may give correction after trapping Buyers or it may go downtrend again if fundamental don't support.
what is similarity?
: Same Time 14:15
: Same Volume
: same Candle body Size
: appear after strong moment
REVERSAL INDICATION:
Nifty may Facing resistance of downtrend channel on Daily Chart.
Away from 50 EMA on hourly chart.
Smart money Ultra High volume on Rejection candle indicating selling zone there
:
SO, INVESTOR NO NEED TO TRAP TO JUST SEE NEXT BIG GREEN CANDLE
previous days when market was forming lower low, that was downtrend look at the time on 28 February 2025 that was 14.15 pm on hourly chart an ultrahigh volume rejection candle appear which volume was around164 M. thereafter short seller trapped to see big red candle and market move toward upward.
:
:
Today on 21/03/2025 also market gave a rejection candle on hourly chart with around 164 M ultrahigh volume Exact at 14:15 Pm so conclusion is that market may give correction after trapping Buyers or it may go downtrend again if fundamental don't support.
what is similarity?
: Same Time 14:15
: Same Volume
: same Candle body Size
: appear after strong moment
REVERSAL INDICATION:
Nifty may Facing resistance of downtrend channel on Daily Chart.
Away from 50 EMA on hourly chart.
Smart money Ultra High volume on Rejection candle indicating selling zone there
:
SO, INVESTOR NO NEED TO TRAP TO JUST SEE NEXT BIG GREEN CANDLE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.