Nifty 50: Market Structure Break on 60-Hour Timeframe

2月12日

Market Structure Break: The 60-minute timeframe shows a clear structural break, pushing prices into a premium zone.
Premium to Discount Retracement: Given the overextended nature of the premium zone, a retracement to a discount zone is expected.
Potential Reversal: The retracement could lead to a reversal, where market momentum shifts, creating a more balanced trading environment.
Consolidation Point: The market is likely to consolidate around the 23400 level, a critical juncture that corresponds with the FVG and discount zone, serving as a potential springboard for future upward movement.
Traders should monitor the price action closely in the discount zone for signs of reversal confirmation.

2月12日

交易進行

The market is not able to hold 23,000; it looks like it's heading for the 22,800 support zone.

2月12日

註釋

The market is rejecting off the 1-hour FVG. If it doesn't hold 22,930, it will target levels around 22,800.

2月12日

註釋

This is my first time posting an idea on TradingView. I'm not in any trades—I'm just analyzing the price action.

2月13日

註釋

I think the market will chop and show some retracement around the 23,240–23,270 resistance before heading towards 23,400.