Since the market first expands then contracts we all are aware about it. There are many indicators for contraction and expansion like Bollinger Bands, Volatility Contraction Panel, ATR etc they all denote almost the same thing that price has started expanding in a particular direction or has started consolidating.
Similarly the price action can also be predicted or analyzed at certain date. For instance on CNX Metals chart I has marked a few important dates which in the future might show some major price action.
The ideology behind predicting this is by connecting previous high to the previous lows of a particular scrip which would give some kind of Triangle pattern and generally the price would follow those patterns as the it reflects Traders Psychology from the past ON THE CHARTS.
Similarly the price action can also be predicted or analyzed at certain date. For instance on CNX Metals chart I has marked a few important dates which in the future might show some major price action.
The ideology behind predicting this is by connecting previous high to the previous lows of a particular scrip which would give some kind of Triangle pattern and generally the price would follow those patterns as the it reflects Traders Psychology from the past ON THE CHARTS.
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