- Nifty is currently trading at 23,395 up 6.5% from its recent high
- Nifty has still not flipped its structure so enjoying this rally doesn't look right
- Observation: Wait for a market structure shift above 23,828 and a weekly close above, this will help Nifty consume the sellers and make a bullish structure shift
- Two paths drawn signifies these 2 possibilities
- The red path shows we will deviate above the market structure shift trap many bids and long traders post that we will drop straight down
- The green path signifies we will reject straight from the Market Structure shift liquid zone and take out all the inefficiencies created and post that we might see an impulsive wave by trapping more shorts out.
- Everything depends on how the reaction is going to be
- Nifty has still not flipped its structure so enjoying this rally doesn't look right
- Observation: Wait for a market structure shift above 23,828 and a weekly close above, this will help Nifty consume the sellers and make a bullish structure shift
- Two paths drawn signifies these 2 possibilities
- The red path shows we will deviate above the market structure shift trap many bids and long traders post that we will drop straight down
- The green path signifies we will reject straight from the Market Structure shift liquid zone and take out all the inefficiencies created and post that we might see an impulsive wave by trapping more shorts out.
- Everything depends on how the reaction is going to be
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.