Nifty Futures quick flip is continuing its uptrend since 31st Oct 2018 onwards so far current buy signal completed 6 trading session or 1785 minutes. Comparing with the historical holding period (2011-2018) for Nifty futures quick flip had 74 occurrences out of 1142 trade where its holding period exceeded beyond 1750 minutes.
Going by the data points there is only 6.4% of odds that this long setup is likely to continue and higher possibilities i.e 93.4% odds that mean reversion is likely towards 10500 levels or in worst case lower towards 10370. Also 6 extreme indications witnessed in the current uptrend which is also larger by any means. Muhurat trading session ended with extreme indications.
The green bars in quick flip signifies momentum bars. If the shorter term momentum uptrend to change then a sustaiable price activity below 10582 confirms the high probability mean reversion odds.