As Kumo depth or thickness is a function of price volatility, we shall be seeing LESS volatility in coming days. When the senkou span A and B switch places this indicates an OVERALL TREND CHANGE from this longer-term perspective.The "senkou span cross" is an actual trading strategy that utilizes this KUMO TWIST as both an entry as well as a continuation or confirmation signal. Such POINTS ARE IN MID-WEEK & around x'mas in the chart.
Expected: Based on cloud, Nifty is bearish on monday with resistance at 4979, 5078.For the next four days, level 4978 & 5078, 5001 & 5001, 4958 & 5013, and 4964 & 5039 are crucial ; depending on day's Nifty being below or above the cloud, it will be bearish or bullish.
Monday's 'white candle' was restrcted by conversion line; lagging line was around same level (4850) as day's top. Followd by tuesday's Black candle.
Wednesday's Resistance/Support point (5001) is well over current Nifty at 4770; yesterday's Base at 5061, conversion at 4836, lagging at 4805 - there was NO trace OF A BREAK-DOWN OR UP to comply with suggestion for "Kumo cross"; with base being flat at 5019, conversion drifting to 4777 & lagging going up to 4833.
Any late effect ? Thursaday's OUT OF NOWHERE gap-up openning at 5008 & top at 5032 during morning looked like confirmation of break UP of 'kumo' cloud ; however, it being from below cloud (as such weak),eventually gave up most gains resulting in a black candle below the cloud.
AM not chart savvy, please feel free to carry on this line & may consider
http://www.marketcalls.in/metatrader/free-nifty-futures-realtime-charts-in-metatrader-platform.html
for on-line support.
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