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trader_indie
27 set 2020 09:49
Bank Nifty Broken Rising Wedge | Still Bearish
Short
NSE:BANKNIFTY
1D
Nifty Bank Index
NSE
Descrizione
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27 set 2020 09:49
On A Daily TIme frame , BankNifty has broken Rising Wedge pattern
When Price Action is considered, Dynamic Resistance still needs to be broken at 21023 if we consider bull to come back but not before 21356.
Multiple touch of upper trendline that makes dynamic resistance .
Upper trend line was respected for almost 5 months.
Looking further you will observe that lower trend line was broken with high volume as wedge becomes more and more contracted.
what more to come ?
No Bull Above 21356
If we consider current scenario 18644 is still expected , untill we see gap
What happens below 18644 for
BANKNIFTY
?
* Well more panic but that is still far away
What do you think ?
Also chart is also seeing some major elliot waves , keep an eye on those also
Trade chiuso manualmente
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14 ott 2020 12:14
No Such opportunity is found
Support and Resistance
Trend Lines
Wedge
Rising Wedge
Bearish Patterns
Trend Line Break
trend
priceactionanalysis
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