Most technical patterns are formed after 11:00 and know about all three time.

Why is That? 

As we know different type of traders trade in three different time. 

1. Morning Trader (Momentum)

2. Evening Trader (Sideways)

3. Closing Trader (Breakout)


Morning Traders : are mostly those trader who are Option Writer and Squaring Off Overnight Position hence a good momentum can be seen in the morning. 

Evening Traders : after approx. 2 or 3 hrs momentum get exhausted and marketed will goes into sideways, this is the time when trapping mostly happened or trend continuation.

Closing Trader : before 1 or 2 hrs of Market Closing morning will square of their position or breakout can happened hence a good moment can be captured.

in Technical Analysis

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