Indice Nifty 50Short
NIFTY - To the moon & back .
as happens in most divergences in a strong trending markets , sometimes for a trend change on larger time frames like daily or weekly, it takes 2 divergence confirmation to capture the inflection (trend change) .
here in that case one bear divergence had been proven, second is in the making - if nifty makes a new high & retrace, leading indicator RSI in case may not cross & retrace back from the established trendline as charted (acting as resistance)
here in that case one bear divergence had been proven, second is in the making - if nifty makes a new high & retrace, leading indicator RSI in case may not cross & retrace back from the established trendline as charted (acting as resistance)
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