Nifty H&S formation. Will it continue the downfall?

2020年11月25日

Yesterday night I drew the formation on the chart but was waiting for market to confirm.

Today it confirmed it by completing the right shoulder.

If the neckline of this formation is broken, then expect more downfall.

Play Safe & Happy Trade.

Note: Views only for educational purpose. Consult your financial advisor for any trade.

2020年11月26日

註釋

Market tried to break neckline in first 4 hrs but it reversed and hence it went up again.

No bear until the neckline is broken comfortably in 4h or daily timeframe.

2020年12月1日

註釋

Wait for the top trendline to break.

If it break then H & S pattern will be invalid and we can start a bull position from their.

2020年12月3日

註釋

H&S pattern invalid as Nifty made a new high.

Now we have to change our perception as per Market.

2020年12月3日

交易結束：達到停損點