Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
Комментарий:
it is approching the level...wait price may completely bearish as well.
Комментарий:
as long as price is above its bullish only.
Комментарий:
its time to think
Комментарий:
It's time to think elimination or reversal
Комментарий:
Break and continuation or break and fall back
elimination and move upside...
keylevel is neckline
elimination and move upside...
keylevel is neckline
Комментарий:
Breakout or breakdown
Комментарий:
exit from long if price breaks 45970 levels.
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Its now at one more important zone of resistance...
Комментарий:
until Neckline breaks no short side view
Комментарий:
now price is at important zone of resistance....its time for reversal
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Also share your thoughts in the comments section.
Thanks for your Support **
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