Expanding triangle in Nifty - Expecting expansion in volatility

Here's a way to observe the market behaviour.

Sentiment - Looking a the RED bars which are clearly bigger than the GREEN. The sellers are looking stronger here.
Given that the sell-off is already coming from the top, it can be expected that the sellers are still strong.

Volatility - The size of the candle are increasing. Also, the range of the market has increased which means that there is volatility. We can expect little bigger moves than before with this kind of volatility.

Reversals - In the last 2-3 days price action, the market has given majority of the move in the first 15 mins and the price stayed at the same level.


Plan ahead - Market could reverse again from the upper trendline or can show a fake breakout there. Good point to short.

A sharp reversal from the bottom shows that there is a buyer presence. Therefore, it is a good point to have a neutral view of Nifty in terms of movement.

Let me know your thoughts.