Nifty futures on the daily charts continues it positive sentiment with one timeframing visible on the daily timeframe. However trading range was tighter due to the prevailing low volatility despite increasing global tensions. In the near term 9830 continues to be the short term support. Price acceptance below 9830 will change the current sentiment to negative.
Welcome to Market Profile Series. In the last tutorial we seen Market Profile Spike and Spike rules and this tutorial we will be discussing about What is Failed Auction and how to play it. Failed Auction is a Market Profile Pattern brought to the world by Ray Barros of Trading Sucess. Failed Auction provides trader a great oppurtunity to trade with dynamic mindset and constructing his/her trading rules accordingly