Broadening formations make trading tough..

Nifty seem to be making a "Broadening formation" which generally appears closer to the top. And it is quite difficult to trade simply because of its sudden & Sharp reversals. Spotting it also generally delayed.

I have been insisting on the importance of this greenline factor playing a pivotal role in the past many days.The correct strtegy "should have been" to reverse the "Short" to "Longs" above this line which is @ 5050.Though I traded the long but did not reverse the short and allowed it to be stopped out..

There is a broadening formation in "Hour" chart too. The tricky part is that these broadening formations can be a continuation patterns too.

Daily upward momentum has returned with the closing above "Day High ema" and now for the follow up moves..The Pivot also has risen sharply to "5102" and so too the "High emas of all time frames to "5085"..These levels should hold for upmove to continue.