Nice 1-2-3 pattern?
Today we see the possible break of the shortterm uptrend. If this will be sustainable, a first TP could be the Fibo-Cluster. TP2 could be the former october- low. Below that level. we should see a shortterm selloff.
remember my longterm view:
s3.amazonaws.com/tradingview/snapshots/b/b5CiR9gc.png
today:
Today we see the possible break of the shortterm uptrend. If this will be sustainable, a first TP could be the Fibo-Cluster. TP2 could be the former october- low. Below that level. we should see a shortterm selloff.
remember my longterm view:
s3.amazonaws.com/tradingview/snapshots/b/b5CiR9gc.png
today:
Note
Note
in the shortterm view, the rsi is down...but from y cyclical view a new low should be made Note
n1 Note
Short trade is in full swing...we are near TP1 (0,38 fibo) Note
Oh! A H&S!!! Note
Note
is the sentiment changing? Trading above the neckline would brighten the chart ! Note
TP1 (0,38 Fibo) reachedNote
strooong nifty today Note
for holding that short nifty has to break its strong intraday trend Note
if the trendbreak really would appear, a new short like the following example could be openede with sl at todays highNote
Note
Note
STRONG NIFTY! Note
reached min tp H&S Note
now have a look at the shortterm trend Note
now there are two alternatives: anticyclical short when the trend will break - narrow sl short above the last top s3.amazonaws.com/tradingview/snapshots/t/thoOD5sM.pngor a cyclical long above the last top s3.amazonaws.com/tradingview/snapshots/a/AQvjybhZ.png
Note
examle short Note
long Note
wow Note
tp reached Note
Note
aha Note
Note
Note
11.000 is still the level to watch 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.