Probable Nifty movement for the days to come #2
Fellow Bounty Hunters...
Price did not retrace into the area of Interest as per the chart posted in the Related Ideas, since the momentum was on the short side today but we might have another chance we could possibly get tomorrow. In the chart we have two scenarios. Scenario 1 shows price retracing to a supply area which is a high probability zone for shorting and then price could fall to the lower levels marked in the chart. Scenario 2 shows a gap down scenario to a temporary demand zone and price retracing to the area of interest mared in thich red lines which is a High probability area to short for targets to lower levels.
All the best Y'all.
Price did not retrace into the area of Interest as per the chart posted in the Related Ideas, since the momentum was on the short side today but we might have another chance we could possibly get tomorrow. In the chart we have two scenarios. Scenario 1 shows price retracing to a supply area which is a high probability zone for shorting and then price could fall to the lower levels marked in the chart. Scenario 2 shows a gap down scenario to a temporary demand zone and price retracing to the area of interest mared in thich red lines which is a High probability area to short for targets to lower levels.
All the best Y'all.
Commento:
We have a fill at the Open..First target down is around 16360 levels.
