Thrust ...sideways....thrust
Markets very rarely go straight up or down....but the trend manifests itself in sequence of Thurst,Sideways,Thurst . The sideways hase after the thrust is necessary as the weak holders book profits,scalpers book profits, strong holders buy more,and then comes a breakout from sideways movement.
In todays Nifty Futures there are 4 such sideways zones marked...market brokeout each zone with a strong thrusting bar to continue its uptrend. Thrusting bars are like a rocket launcher which launches the rocket into the new orbit and in strong trend , it will not come back into the orbit ( sideways zone ) once it leaves it.....once we understand that , the rest is easy...We can use this behaviour of the market to time our entries, trail stops, adds....
Smart_trade