NIFTY another swing failure
The last time we discussed NIFTY charts, we arrived at two things. 1. the upper channel low acting as a resistance and 2. the lower ascending trend line holding up. we saw a bounce exactly off those levels.
This bounce again paused at the point where we have multiple highs, and yesterday's swing high and an engulfing candle is a confirmation of a potential failure at that zone ( until proven otherwise)
So am looking for a retest of the lower trendline lows back again again in coming sessions.
only a break of that trend line can set the panic bells ringing.
note: refer to the last trade set up on NIFTY for more clarity. linked below
This bounce again paused at the point where we have multiple highs, and yesterday's swing high and an engulfing candle is a confirmation of a potential failure at that zone ( until proven otherwise)
So am looking for a retest of the lower trendline lows back again again in coming sessions.
only a break of that trend line can set the panic bells ringing.
note: refer to the last trade set up on NIFTY for more clarity. linked below
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。