Nifty Bank IndexEducation
BANK NIFTY LOOKS LIKE MOVING INSIDE A TRIANGLE.
Updated
TRIANGLE ARE A PATTERN ON CONSOLIDATION AND ARE THE LAST LEG OF A TREND. GENERALLY BREAKDOWN AND REVERSE JUST LIKE WE RECENTLY SAW IN SBIN.
CURRENTLY WE ARE WAITING FOR WAVE D AND E TO FINISH BEFORE ENTERING A TRADE. WAVE A HIGH IS INVALIDATION OF THE TRIANGLE. IF THAT BREAKS WE ARE LOOKING AT A COMPLEX CORRECTION.
CURRENTLY WE ARE WAITING FOR WAVE D AND E TO FINISH BEFORE ENTERING A TRADE. WAVE A HIGH IS INVALIDATION OF THE TRIANGLE. IF THAT BREAKS WE ARE LOOKING AT A COMPLEX CORRECTION.
Order cancelled
BROKE WAVE C HIGH. TRADE CANCELLED.
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